Blanchard Real Estate Capital Sells Retail Property In Atlanta For $13.9M
2121 Briarcliff Road Northeast
$13,900,000
$500/SF
Building Size
27,800 SF
Asset Type
Retail
Closing
Nov 21, 2023
AI
A 27,800-square-foot retail property located at 2121 Briarcliff Road NE in Atlanta's North Druid Hills neighborhood has been sold for $13.9 million. The property was listed for $500 per square foot.
Summary of transaction details
- Property Type: Retail
- Sale Price: $13,900,000
- Square Footage: 27,800
- Price per Square Foot: $500
- Address: 2121 Briarcliff Road Northeast, Atlanta, GA
- Market: Atlanta, GA
The sale was facilitated by NorthMarq, with Mike Sladich representing the buyer. The seller, Parker G. Blanchard, is from Blanchard Real Estate Capital. The transaction closed on November 21, 2023.
NorthMarq played a key role in brokering the deal, which involved the transfer of the retail property at 2121 Briarcliff Road NE. The property, spanning 27,800 square feet, was sold for $13.9 million. The buyer was represented by Mike Sladich of NorthMarq, while the seller was Parker G. Blanchard from Blanchard Real Estate Capital.
Players
Atlanta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93