Safeway Group Sells Retail Property In Lawrenceville, GA For $4.11M
2695 Sugarloaf Parkway
$4,110,000
$174/SF
Building Size
23,606 SF
Asset Type
Retail
Closing
Jan 16, 2024
About this deal
AI
The retail property located at 2695 Sugarloaf Parkway in Lawrenceville, GA has been sold for $4,110,000. The property spans 23,606 square feet, resulting in a price per square foot of $174. The sale of Sugarloaf Walk was facilitated by brokers Eric Abbott and Zachary Taylor from Marcus & Millichap on behalf of the seller, Safeway Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,110,000
- SF: 23,606
- PPSF: $174
- Date: 01/16/2024
- Address: 2695 Sugarloaf Parkway
- Market: Lawrenceville, GA
Marcus & Millichap announced the successful sale of Sugarloaf Walk in Lawrenceville, Georgia. The deal showcases significant Net Operating Income (NOI) growth within unanchored strip center products. Eric Abbott and Zachary Taylor of Marcus & Millichap played a crucial role in representing the seller, Safeway Group, in this transaction.
On the Map
$4,110,000
$174/SF
Retail
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Lawrenceville 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
3.86%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93