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3498 Victory Drive, Columbu...

Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA
FINANCEDRetail

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

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.

Players

Paula Mello

Broker

$3M

vol

1 deal

Broker
FE
Freeport EquityLandlord

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