Continental Realty Corporation Acquires Retail Property In Snellville, GA For $97M
1350 Scenic Hwy S Snellville, GA 30078, USA
$97,000,000
$293/SF
Building Size
330,000 SF
Asset Type
Retail
Closing
Jun 14, 2022
About this deal
AI
The retail property located at 1350 Scenic Hwy S in Snellville, GA has been sold in a closed transaction. The property spans 330,000 square feet and was sold for a total price of $97,000,000, resulting in a price per square foot of $294. The property was bought by Continental Realty Corporation from Olshan Properties.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $97,000,000
- Address: 1350 Scenic Hwy S, Snellville, GA
- Market: Snellville, GA
The deal was facilitated by Margaret Caldwell and Patrick Kelley from Stan Johnson Co, who represented both the buyer, Continental Realty Corporation, and the seller, Olshan Properties.
Players
Snellville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93