Atlantic Capital Partners Acquires Retail Property In Snellville, GA For $38.3M
2059 Scenic Highway North, Snellville, Georgia 30078, United States
$38,300,000
$123/SF
Building Size
311,093 SF
Asset Type
Retail
Closing
Oct 31, 2022
About this deal
AI
The retail property located at 2059 Scenic Hwy N in Snellville, GA has been sold for a total price of $38,300,000. The property has a total square footage of 311,093, resulting in a price per square foot of $123.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $38,300,000
- Address: 2059 Scenic Hwy N, Snellville, GA
- Market: Snellville, GA
The sale of this retail property was facilitated by Justin Smith & Chris Peterson from Atlantic Capital Partners. They represented the buyer and seller in this deal.
Players
Snellville 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93