Charlie Zakas Purchases Retail Property From Stephen Ikerd In Buford For $2.3M
2319 Sparta Way
$2,300,000
$230/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 29, 2025
AI
The property asset involved in the transaction is located at 2319 Sparta Way in Buford. This retail asset has been sold for $2,300,000, encompassing a square footage of 10,000 and a price per square foot of $230.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 2319 Sparta Way
- Market: Buford
- Square Footage: 10,000
- Price Per Square Foot: $230
- Buyer: Charlie Zakas
- Seller: Stephen Ikerd
- Broker: Mason Bierster - Partners Real Estate
The transaction involved key individuals: the buyer, Charlie Zakas, acquired the retail space from the seller, Stephen Ikerd, with representation by broker Mason Bierster from Partners Real Estate facilitating the deal.
Buford 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93