Meridian Capital Group Facilitates $11.35M Acquisition Loan For South Fulton Retail Property
6055 Old National Hwy, South Fulton, GA, USA
$11,350,000
$87/SF
Building Size
129,449 SF
Asset Type
Retail
Closing
Sep 14, 2021
About this deal
AI
A retail property located at 6055 Old National Hwy in South Fulton, GA has recently been involved in a closed transaction. The property spans a total of 129,449 square feet and is situated in the South Fulton market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,350,000
Simon Rosenfeld from Meridian Capital Group represented the buyer and/or seller in this transaction.
The transaction involved an acquisition loan with a total amount of $11,350,000. The loan terms include a fixed interest rate of 3.47% and a 10-year term.
Players
Atlanta 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93