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3560 Browns Bridge Road

FrostPoint Capital Acquires Coal Mountain Shops In Cumming For $4.4M
SOLDRetail

FrostPoint Capital Acquires Coal Mountain Shops In Cumming For $4.4M

3560 Browns Bridge Road

$4,400,000

$282/SF

Building Size

15,600 SF

Asset Type

Retail

Closing

May 1, 2024

AI

Located at 3560 Browns Bridge Road in Cumming, GA, the property known as Coal Mountain Shops is a retail center spanning over 140 acres. FrostPoint Capital acquired this unanchored retail center for $4.4 million, at a rate of $282 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,400,000
  • Address: 3560 Browns Bridge Road
  • Market: Cumming, GA
  • Square Footage: 15,600
  • Buyer: FrostPoint Capital
  • Broker: Conor Sweeney - Foundry Commercial

FrostPoint Capital, represented by Conor Sweeney from Foundry Commercial, made the strategic acquisition of Coal Mountain Shops. The retail center, situated northeast of Atlanta, now falls under FrostPoint Capital's expanding portfolio following this transaction.

Players

Conor Sweeney

Foundry Commercial

Broker

$11.3M

vol

2 deals

Broker

Cumming 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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93