Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA
3498 Victory Drive, Columbus, Georgia 31903, United States
$3,000,000
$822/SF
Building Size
3,648 SF
Asset Type
Retail
Closing
Dec 13, 2021
About this deal
AI
A retail property located at 3498 Victory Drive in Columbus, GA was recently involved in a closed transaction. The property spans 3,648 square feet and is owned by Freeport Equity.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Loan Type: Acquisition
- Loan Terms: 10-year fixed-rate loan with a 25-year amortization schedule
The transaction was facilitated by brokers Paula Mello and Matt Weilgus of Mag Mile Capital. They represented the parties involved in the deal, including Freeport Equity as the landlord.
It is worth noting that the loan obtained for this acquisition amounted to $3,000,000. The loan features a 10-year fixed-rate term and a 25-year amortization schedule.
On the Map
$3,000,000
$822/SF
Retail
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Players
Columbus 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93