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1625 Bass Road, Macon, Geor...

Chase Acquisitions LLC Acquires Retail Property In Macon, GA For $26.1M
SOLDRetail

Chase Acquisitions LLC Acquires Retail Property In Macon, GA For $26.1M

1625 Bass Road, Macon, Georgia 31210, United States

$26,100,000

$171/SF

Building Size

151,987 SF

Asset Type

Retail

Closing

Jun 28, 2022

AI

The retail property located at 1625 Bass Rd in Macon, GA has been sold in a recent transaction. The property spans a total area of 151,987 square feet and has been acquired by Chase Acquisitions LLC. The sellers of the property were The Sembler Co and Berkeley Development. The sale price for this transaction amounted to $26,100,000, resulting in a price per square foot of $172.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $26,100,000
  • Address: 1625 Bass Rd, Macon, GA
  • Market: Macon, GA

The deal was facilitated by brokers Kyle Stonis and Pierce Mayson, representing SRS Real Estate Partners. Their involvement played a crucial role in the successful completion of this transaction.

Players

Kyle Stonis

Matthews

Broker

$235.4M

vol

17 deals

Broker
TC
The Sembler CoSeller

Macon 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93