SITE Centers Acquires Retail Property On Powers Ferry Rd In Atlanta For $8.4M
SOLD
$8,400,000
Georgia
See Similar DealsRetail20,397 SF
Sold 08/02/2022
SOLD
SITE Centers Acquires Retail Property On Powers Ferry Rd In Atlanta For $8.4M
2014 Powers Ferry Road Southeast, Atlanta, Georgia 30339, United States
See Similar DealsRetail20,397 SF
Sold 08/02/2022
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$411
Total Square Footage:20,397 SF
Transaction Type:Sale
The retail property located at 2014 Powers Ferry Rd SE in Atlanta, GA has been sold in a transaction. The property spans 20,397 square feet and was sold for a price of $8,400,000, resulting in a price per square foot of $412.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,400,000
- Address: 2014 Powers Ferry Rd SE, Atlanta, GA
- Market: Atlanta, GA
- Buyer: SITE Centers
- Seller: Ronus Properties
- Brokers: Bryan Belk & John Tennant - Franklin Street
The buyer in this transaction is SITE Centers, while the seller is Ronus Properties. The deal was facilitated by brokers Bryan Belk and John Tennant from Franklin Street.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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