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Faris Lee Investments Brokers Sell Retail Property In Fayetteville, GA For $14M
SOLD
$14,000,000
Georgia
See Similar DealsRetail
Sold 05/30/2023
SOLD
Faris Lee Investments Brokers Sell Retail Property In Fayetteville, GA For $14M
1302 GA-85 Fayetteville, Georgia 30214, USA
See Similar DealsRetail
Sold 05/30/2023
Summary
GEORGIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 1302 Highway 85 N in Fayetteville, GA has been sold for a total of $14,000,000. The property features a prime location in the Fayetteville market, offering great potential for investors.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $14,000,000
- Address: 1302 Highway 85 N, Fayetteville, GA
- Market: Fayetteville, GA
The sale of this retail property was facilitated by the team at Faris Lee Investments, represented by Hunter Steffien, Jeff Conover, and Scott DeYoung. Their expertise and knowledge played a crucial role in successfully closing this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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