SITE Centers Acquires Retail Property On Powers Ferry Rd In Atlanta For $8.4M
2014 Powers Ferry Road Southeast, Atlanta, Georgia 30339, United States
$8,400,000
$411/SF
Building Size
20,397 SF
Asset Type
Retail
Closing
Aug 1, 2022
About this deal
AI
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.
Players
Atlanta 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93