Highline Real Estate Capital And M Street Holdings Acquire Retail Property In Conyers, GA For $16.95M
2203 Mcdonough Highway
$16,950,000
$142/SF
Building Size
118,916 SF
Asset Type
Retail
Closing
Sep 13, 2022
AI
The property asset involved in this transaction is a retail establishment located at 2203 GA-20 in Conyers, GA. The sale was finalized at a transaction amount of $16,950,000, encompassing a square footage of 118,916 and a price per square foot of $143.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,950,000
- Square Footage: 118,916
- Sale Price per Square Foot: $143
- Buyer: Highline Real Estate Capital - David Moret, Andrew Remick, & Matt Papunen; M Street Holdings – David Milgram
- Seller: ShopOne Centers REIT
- Brokers: Chris DeCoufle, Kevin Hurley & Matt Karempeli - CBRE
This transaction involved key representatives from the buyer side, specifically David Moret, Andrew Remick, Matt Papunen of Highline Real Estate Capital, as well as David Milgram of M Street Holdings. The seller was represented by ShopOne Centers REIT, with brokerage services provided by Chris DeCoufle, Kevin Hurley, and Matt Karempeli from CBRE.
Players
Conyers 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93