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
Hampton 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93