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InvenTrust Properties Corp Acquires Moores Mill Center In Atlanta For $28M
SOLD
$28,000,000
Georgia
See Similar DealsRetail
Sold 04/24/2024
SOLD
InvenTrust Properties Corp Acquires Moores Mill Center In Atlanta For $28M
2275 Marietta Boulevard Northwest
See Similar DealsRetail
Sold 04/24/2024
Summary
GEORGIA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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