Northmarq Facilitates $5.7M Retail Sale In McDonough, GA
2081 Jonesboro Road, McDonough, Georgia 30253, United States
$5,700,000
$284/SF
Building Size
20,053 SF
Asset Type
Retail
Closing
Oct 27, 2022
AI
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.
Players
McDonough 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93