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2319 Sparta Way

Charlie Zakas Purchases Retail Property From Stephen Ikerd In Buford For $2.3M
SOLDRetail

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.

Players

Mason Bierster

Partners Real Estate

Broker

$10.5M

vol

2 deals

Broker

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