InvenTrust Properties Corp Acquires Moores Mill Center In Atlanta For $28M
2275 Marietta Boulevard Northwest
$28,000,000
Building Size
—
Asset Type
Retail
Closing
Apr 24, 2024
AI
The Moores Mill Center, a Publix-anchored retail center located at 2275 Marietta Boulevard Northwest in Atlanta, GA, has been sold by Edens to InvenTrust Properties Corp for $28,000,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $28,000,000
- ACRES: 6
- Buyer: InvenTrust Properties Corp
- Seller: Edens
- Brokers: Christopher DeCoufle, Kevin Hurley & Matt Karempelis - CBRE
Closing the deal on April 24, 2024, CBRE represented the seller, Edens, in the transaction involving the sale of the Publix-anchored Moores Mill Center in Atlanta to InvenTrust Properties Corp. The deal amounting to $28 million marked a significant investment in the retail property market.
Players
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93