Northmarq Facilitates $5.7M Retail Sale In McDonough, GA
SOLD
$5,700,000
Georgia
See Similar DealsRetail20,053 SF
Sold 10/28/2022
SOLD
Northmarq Facilitates $5.7M Retail Sale In McDonough, GA
2081 Jonesboro Road, McDonough, Georgia 30253, United States
See Similar DealsRetail20,053 SF
Sold 10/28/2022
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$284
Total Square Footage:20,053 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 2081 Jonesboro Road in McDonough, GA. The property spans a total square footage of 20,053. The transaction took place on October 28, 2022. The sale price for this property was $5,700,000, resulting in a price per square foot of $284.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 2081 Jonesboro Road, McDonough, GA
- Market: McDonough, GA
- Broker: Jeff Enck - Northmarq
- Square Footage: 20,053
- Price Per Square Foot: $284
Jeff Enck from Northmarq represented the parties involved in this transaction as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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