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1985 Mcdonough Road

Updated Dec 4, 2024

Adam Greenbaum's AGW Partners Acquires Shoppers World Retail Property In Hampton, GA For $4.15M
SOLDRetail

Adam Greenbaum's AGW Partners Acquires Shoppers World Retail Property In Hampton, GA For $4.15M

1985 Mcdonough Road

$4,150,000

$148/SF

Building Size

28,028 SF

Asset Type

Retail

Closing

Nov 29, 2023

About this deal

AI

Hampton, Georgia's Shoppers World has been sold for $4,150,000. The retail property, located at 1985 McDonough Road, boasts a total area of 28,028 square feet. The sale price equates to an average price per square foot of $148. The transaction was facilitated by Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,150,000
  • Address: 1985 McDonough Road, Hampton, GA
  • Market: Hampton, GA
  • Buyer: Adam Greenbaum - AGW Partners
  • Seller: Hamza Haneef
  • Brokers: Eric Abbott, Michael Wesselmann & Zachary (Zach) Taylor - Marcus & Millichap
  • Square Footage: 28,028
  • Price per Square Foot: $148

Marcus & Millichap successfully facilitated the sale of Shoppers World in Hampton, Georgia, for a total of $4,150,000. The deal involved key individuals such as Adam Greenbaum from AGW Partners as the buyer and Hamza Haneef as the seller. Facilitating the transaction were brokers Eric Abbott, Michael Wesselmann, and Zachary (Zach) Taylor from Marcus & Millichap.

Players

Zachary Taylor

Marcus & Millichap

Broker

$381.9M

vol

44 deals

Broker
AP
AGW PartnersBuyer

Hamza Haneef

Seller

$4.2M

vol

2 deals

Seller

Hampton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $148 per square foot on a published $4.2M for 28,028 square feet (2023).

Visit Eric Abbott to view all their deals.

Browse Hampton retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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