Marcus & Millichap Brokers Acquire Retail Property In Albany, Georgia For $9M
2800 Old Dawson Rd, Albany, GA, USA
$9,000,000
$54/SF
Building Size
166,593 SF
Asset Type
Retail
Closing
Oct 18, 2021
AI
The retail property located at 2800 Old Dawson Rd in Albany, Georgia has been sold. The transaction took place on 10/18/2021 for a sale price of $9,000,000. The property has a total area of 166,593 square feet, resulting in a price per square foot of $54.
Summary of transaction details
- Property Type: Retail
- Sale Price: $9,000,000
- Square Footage: 166,593
- Price per Square Foot: $54
The sale of the property was facilitated by the brokerage firm Marcus & Millichap. The transaction was handled by David E. Gant, Lori Schneider, and John M. Leonard from Marcus & Millichap.
Players
Albany 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93