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1451 Tallahassee Highway

Bayrock Development Acquires Retail Property From SGA Retail LLC For $4,354,650 In Bainbridge
SOLDRetail

Bayrock Development Acquires Retail Property From SGA Retail LLC For $4,354,650 In Bainbridge

1451 Tallahassee Highway

$4,354,650

$871/SF

Building Size

4,995 SF

Asset Type

Retail

Closing

Oct 20, 2023

AI

The asset involved in the transaction is a retail property located at 1451 Tallahassee Highway within the Bainbridge market. It was sold for a total price of $4,354,650.00 and encompasses a square footage of 4,995.0.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,354,650.00
  • Buyer: Bayrock Development
  • Seller: SGA Retail LLC
  • Sale Date: 10/20/2023

The transaction was facilitated with Bayrock Development acting as the buyer and SGA Retail LLC as the seller, highlighting the participation of these companies in the retail sector. The deal represents a strategic move for both parties within the Bainbridge market.

Players

Lyman Phillips

Golden Lion Capital Investments

Broker

$439.2M

vol

26 deals

Broker
BD
Bayrock DevelopmentBuyer

SGA Retail LLC

Seller
Seller

Bainbridge 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

3.64%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93