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Stan Johnson Company Sells Retail Property On Rock Quarry Rd In Stockbridge, GA For $2.8M

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SOLD
$2,800,000

Georgia

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Retail21,600 SF
Sold 12/08/2021
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Property Image
SOLD

Stan Johnson Company Sells Retail Property On Rock Quarry Rd In Stockbridge, GA For $2.8M

1445 Rock Quarry Road, Stockbridge, GA 30281, USA

See Similar Deals
Retail21,600 SF
Sold 12/08/2021
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$129
Total Square Footage:21,600 SF
Transaction Type:Sale

Located at 1445 Rock Quarry Rd in Stockbridge, GA, this retail property spans over 1.42 acres. The property was sold on 12/08/2021 for a total price of $2,800,000. With a total square footage of 21,600, the price per square foot was $130. The property boasts a cap rate of 7.31%.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $2,800,000
  • Address: 1445 Rock Quarry Rd, Stockbridge, GA
  • Square Footage: 21,600
  • Price per Square Foot: $130
  • Cap Rate: 7.31%
  • Brokers: Doug Clyburn & Julie Clyburn - Stan Johnson Company

The sale of this retail property was facilitated by Doug Clyburn and Julie Clyburn of the Stan Johnson Company. Their expertise in the market played a vital role in ensuring the success of the transaction.

Players

Doug Clyburn
2 deals$4.5M volume
BROKER

Julie Clyburn
Stan Johnson Company
2 deals$4.5M volume
BROKER

Details

SOLD
IMAGE: Doug Clyburn & Julie Clyburn DATE: 12/08/2021 ADDRESS: 1445 Rock Quarry Rd MARKET: Stockbridge, GA ASSET TYPE: Retail ~ ACRES: 1.42 BROKERS: Doug Clyburn & Julie Clyburn - Stan Johnson Company SALE PRICE: $2,800,000 SF: 21,600 ~ PPSF: $130 CAP RATE: 7.31%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14