JLL Capital Markets Completes $18.5M Sale Of Reynolds Crossing Retail Center In Duluth, GA
3780 Old Norcross Road
$18,500,000
$403/SF
Building Size
45,809 SF
Asset Type
Retail
Closing
Dec 20, 2023
About this deal
AI
JLL Capital Markets has completed the $18.5 million sale of Reynolds Crossing, a fully occupied 45,809-square-foot retail center located at 3780 Old Norcross Road in Duluth, Georgia. The property is situated within the Atlanta MSA.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 3780 Old Norcross Road
- Market: Duluth, GA
- Square Footage: 45,809
- Price Per Square Foot: $404
The buyer's representative in this transaction was Justin Miller from Marcus & Millichap, while Brad Buchanan and Jim Hamilton from JLL represented the seller, Leaders Real Estate Group.
Note: Reynolds Crossing is a fully occupied retail center in Duluth, Georgia, within the Atlanta MSA, and the sale was completed for a total of $18.5 million.
On the Map
$18,500,000
$403/SF
Retail
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Duluth 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93