facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Georgia

/

Retail

/

Sale

/

1675 Cumberland Parkway Sou...

South Coast Commercial LLC Acquires Retail Property In Smyrna, GA For $18.5M
SOLDRetail

South Coast Commercial LLC Acquires Retail Property In Smyrna, GA For $18.5M

1675 Cumberland Parkway Southeast, Smyrna, Georgia 30339, United States

$18,500,000

$435/SF

Building Size

42,499 SF

Asset Type

Retail

Closing

Aug 18, 2022

AI

The retail property located at 1675 Cumberland Pkwy SE in Smyrna, GA has been sold for $18,500,000. The property spans a total of 42,499 square feet, and the price per square foot is $435. The transaction took place on August 19, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $18,500,000
  • Address: 1675 Cumberland Pkwy SE, Smyrna, GA
  • Market: Smyrna, GA
  • Buyer: South Coast Commercial LLC
  • Seller: MRE Properties
  • Brokers: Brad Buchanan, Jim Hamilton & Andrew Kahn - JLL

The deal was facilitated by Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL. They represented both the buyer, South Coast Commercial LLC, and the seller, MRE Properties, in the transaction.

Players

Jim Hamilton

JLL

Broker

$1B

vol

28 deals

Broker
SL
South Coast Commercial, LLCBuyer

Smyrna Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93