Chase Acquisitions LLC Acquires Retail Property In Macon, GA For $26.1M
SOLD
$26,100,000
Georgia
See Similar DealsRetail151,987 SF
Sold 06/29/2022
SOLD
Chase Acquisitions LLC Acquires Retail Property In Macon, GA For $26.1M
1625 Bass Road, Macon, Georgia 31210, United States
See Similar DealsRetail151,987 SF
Sold 06/29/2022
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$171
Total Square Footage:151,987 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,392,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,727.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,727.32
Annual Debt Service$1,484,727.79
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