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1350 Scenic Hwy S Snellvill...

Continental Realty Corporation Acquires Retail Property In Snellville, GA For $97M
SOLDRetail

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

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

Margaret Caldwell

Stan Johnson Company

Broker

$137.3M

vol

3 deals

Broker
Continental Realty Corporation
Continental Realty CorporationBuyer

Snellville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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