Greenberg Gibbons Acquires Northlake Square Retail Center In Tucker, Georgia For $17.3M
4135 Lavista Road & 4145 Lavista Road
$17,300,000
$104/SF
Building Size
165,156 SF
Asset Type
Retail
Closing
Dec 17, 2024
AI
The property asset involved in the transaction is a retail center located at 4135-4145 Lavista Road in Tucker, Georgia. It encompasses a total square footage of 82,578 and was sold for a transaction amount of $17,300,000, equating to a price per square foot of $209.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000
- Square Footage: 82,578
- Price per Square Foot: $209
- Address: 4135-4145 Lavista Road
- Market: Tucker, GA
- Seller: Northlake Square, LLC
- Broker Representatives: Andrew Kahn & Brad Buchanan - JLL
JLL Capital Markets facilitated the transaction, representing the seller, Northlake Square, LLC, in this sale to Greenberg Gibbons. The involvement of the brokers highlights their role in conducting the deal, ensuring a successful transaction for all parties engaged in the process.
Tucker 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93