Exodus Capital Acquires Retail Property In Tifton, GA For $2.79M
SOLD
$2,788,000
Georgia
See Similar DealsRetail6,136 SF
Sold 01/09/2023
SOLD
Exodus Capital Acquires Retail Property In Tifton, GA For $2.79M
1011 8th Street West
See Similar DealsRetail6,136 SF
Sold 01/09/2023
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$454
Total Square Footage:6,136 SF
Transaction Type:Sale
The retail property located at 1011 8th Street West in Tifton, GA has been sold for a price of $2,788,462. The property spans an area of 6,136 square feet, resulting in a price per square foot of $454.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,788,462
- Address: 1011 8th Street West, Tifton, GA
- Market: Tifton, GA
- Buyer's Representative: Justin Conway & Haley Hasho - Exodus Capital
- Seller's Representative: Jason Prescott Woods - Horvath & Tremblay
- Square Footage: 6,136
- Price per Square Foot: $454
The successful sale of this retail property was facilitated by Justin Conway and Haley Hasho from Exodus Capital, representing the buyer. On the other side of the transaction, Jason Prescott Woods from Horvath & Tremblay represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,693.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,905.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,216.54
Annual Debt Service$158,598.51
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