Stan Johnson Company Sells Retail Property On Rock Quarry Rd In Stockbridge, GA For $2.8M
1445 Rock Quarry Road, Stockbridge, GA 30281, USA
$2,800,000
$129/SF
Building Size
21,600 SF
Asset Type
Retail
Closing
Dec 8, 2021
About this deal
AI
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
Stockbridge 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93