South Coast Commercial LLC Acquires Retail Property In Smyrna, GA For $18.5M
SOLD
$18,500,000
Georgia
See Similar DealsRetail42,499 SF
Sold
SOLD
South Coast Commercial LLC Acquires Retail Property In Smyrna, GA For $18.5M
1675 Cumberland Parkway Southeast, Smyrna, Georgia 30339, United States
See Similar DealsRetail42,499 SF
Sold
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$435
Total Square Footage:42499 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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