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2121 Briarcliff Road Northeast

Blanchard Real Estate Capital Sells Retail Property In Atlanta For $13.9M
SOLDRetail

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

Mike Sladich

NorthMarq

Broker

$70.7M

vol

6 deals

Broker

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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93