Abu Zaheed Acquires Retail Property In Hephzibah, Augusta GA From Jenny Pham For $7.1M
2493 Tobacco Road, Augusta, Georgia 30815, United States
$7,100,000
$488/SF
Building Size
14,550 SF
Asset Type
Retail
Closing
Mar 15, 2022
About this deal
AI
A retail property located at 2493 Tobacco Rd in Hephzibah, Augusta GA was recently sold. The property spans a total of 14,550 square feet and is situated in the market of Hephzibah, Augusta GA.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 2493 Tobacco Rd
- Square Footage: 14,550 square feet
- Market: Hephzibah, Augusta GA
The buyer of the property was Abu Zaheed, while Jenny Pham acted as the seller. Elliot Blasser from Compass represented the buyer, and Russel Malayery from Ram Investments represented the seller.
The property was sold for a price of $7,100,000, with a price per square foot of $488.
Augusta 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93