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2801 Candler Road

Meridian Capital Refinances Retail Property In Decatur, GA For $13.5M
FINANCEDRetail

Meridian Capital Refinances Retail Property In Decatur, GA For $13.5M

2801 Candler Road

$13,500,000

$30/SF

Building Size

450,000 SF

Asset Type

Retail

Closing

Aug 30, 2022

AI

The retail property located at 2801 Candler Road in Decatur, GA has recently undergone a financial transaction. The property spans a total of 450,000 square feet and features a retail space. The deal involved a loan refinancing, with a loan amount of $13,500,000. The loan terms are fixed-rate, providing stability for the borrower.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: $13,500,000
  • Address: 2801 Candler Road, Decatur, GA
  • Market: Decatur, GA
  • Asset Type: Retail
  • Square Footage: 450,000

Elliott Kunstlinger from Meridian Capital represented the parties involved in the transaction as the broker.

Players

Elliott Kunstlinger

Meridian Capital Group

Broker

$358.1M

vol

10 deals

Broker

Decatur Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93