Marcus & Millichap Brokers Acquire Retail Property In Albany, Georgia For $9M
SOLD
$9,000,000
Georgia
See Similar DealsRetail166,593 SF
Sold 10/18/2021
SOLD
Marcus & Millichap Brokers Acquire Retail Property In Albany, Georgia For $9M
2800 Old Dawson Rd, Albany, GA, USA
See Similar DealsRetail166,593 SF
Sold 10/18/2021
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$54
Total Square Footage:166,593 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
Is there something missing? Send suggestions