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
Smyrna 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93