CTO Realty Growth, Inc. Acquires Retail Property In Buford, GA For $34M
2925 Buford Drive, Buford, GA 30519
$34,000,000
Building Size
—
Asset Type
Retail
Closing
Jan 2, 2022
About this deal
AI
CTO Realty Growth, Inc., represented by John P. Albright, recently acquired a retail property located at 2925 Buford Drive in Buford, GA. The sale took place on January 2, 2022, with a total transaction value of $34,000,000. The property is situated in the Buford market and offers a prime location for retail businesses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,000,000
- Buyer: CTO Realty Growth, Inc. - John P. Albright
- Date: 01/02/2022
- Address: 2925 Buford Drive
- Market: Buford, GA
John P. Albright, representing CTO Realty Growth, Inc., played a crucial role in the successful acquisition of the retail property. This transaction highlights the company's strategic growth and expansion in the Buford market.
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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93