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
About this deal
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.
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