facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Georgia

/

Retail

/

Sale

/

3565 Martin Luther King Jr ...

Central Ave. Corp Acquires Retail Property In Atlanta For $18.3M
SOLDRetail

Central Ave. Corp Acquires Retail Property In Atlanta For $18.3M

3565 Martin Luther King Jr Boulevard, Atlanta, Georgia, United States

$18,300,000

$184,848/SF

Building Size

99 SF

Asset Type

Retail

Closing

Oct 11, 2022

AI

The retail property located at 3565 Martin Luther King Jr. Blvd in Atlanta, GA has been sold in a recent transaction. The buyer, Central Ave. Corp, acquired the property from the sellers, Columbia Development Group and Lubert Adler. The sale was facilitated by the brokers Alex Sharrin, Danny Finkle, Tom Kolarczyk, and Jeff Cicurel of JLL Capital Markets.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $18,300,000
  • Address: 3565 Martin Luther King Jr. Blvd, Atlanta, GA
  • Market: Atlanta, GA
  • Square Footage: 99,839 SF
  • Price Per Square Foot: $183

The key individuals and companies involved in this deal were Alex Sharrin, Danny Finkle, Tom Kolarczyk, and Jeff Cicurel from JLL Capital Markets, who represented the buyer and seller in the transaction. They played a crucial role in facilitating the successful sale of the retail property.

Players

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
L
Lubert-AdlerSeller

Atlanta Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.87%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93