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RCG-Marietta VII LLC Acquires Retail Property In Marietta, GA For $10M

Property Image
SOLD
$10,000,000
Pierce Mayson
Kyle Stonis

Georgia

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Retail143,081 SF
Sold 12/19/2022
the dealplayerscompscontact
Property Image
SOLD

RCG-Marietta VII LLC Acquires Retail Property In Marietta, GA For $10M

2949 Canton Rd, Marietta, GA 30066, USA

See Similar Deals
Retail143,081 SF
Sold 12/19/2022
Pierce Mayson
Kyle Stonis
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$69
Total Square Footage:143,081 SF
Transaction Type:Sale

A retail property located at 2949 Canton Rd in Marietta, GA has been sold in a transaction worth $10,000,000. The property spans an area of 143,081 square feet and was acquired by RCG-Marietta VII LLC. The buyer was represented by Kyle Stonis & Pierce Mayson from SRS' Investment Properties Group. The seller was Stebri Enterprises. The price per square foot was approximately $70.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Address: 2949 Canton Rd, Marietta, GA
  • Market: Marietta, GA
  • Buyer: RCG-Marietta VII LLC
  • Seller: Stebri Enterprises
  • Brokers: Kyle Stonis & Pierce Mayson - SRS' Investment Properties Group
  • Square Footage: 143,081
  • Price Per Square Foot: $70

Kyle Stonis & Pierce Mayson from SRS' Investment Properties Group played a crucial role as brokers representing RCG-Marietta VII LLC in the transaction. Their expertise and negotiation skills contributed to the successful acquisition. This deal highlights the continued interest and investment opportunities in the retail real estate market in Marietta, GA.

Players

Kyle Stonis
Matthews
Kyle Stonis
17 deals$235.4M volume(770) 329-5065
BROKER
Pierce Mayson
Matthews
Pierce Mayson
18 deals$242.4M volume(770) 241-2232
BROKER

Details

SOLD
IMAGE: Kyle Stonis & Pierce Mayson DATE: 12/19/2022 ADDRESS: 2949 Canton Rd MARKET: Marietta, GA ASSET TYPE: Retail BUYER: RCG-Marietta VII LLC SELLER: Stebri Enterprises BROKERS: Kyle Stonis & Pierce Mayson - SRS’ Investment Properties Group SALE PRICE: $10,000,000 SF: 143,081 ~ PPSF: $70

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
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