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2275 Marietta Boulevard Nor...

InvenTrust Properties Corp Acquires Moores Mill Center In Atlanta For $28M
SOLDRetail

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:

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

Chris DeCoufle

CBRE

Broker

$86.9M

vol

4 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93