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
About this deal
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.
On the Map
$16,950,000
$142/SF
Retail
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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