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
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