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.
On the Map
$97,000,000
$293/SF
Retail
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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