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Greenberg Gibbons Acquires Northlake Square Retail Center In Tucker, Georgia For $17.3M

Property Image
SOLD
$17,300,000

Georgia

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Retail165,156 SF
Sold
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SOLD

Greenberg Gibbons Acquires Northlake Square Retail Center In Tucker, Georgia For $17.3M

4135 Lavista Road & 4145 Lavista Road

See Similar Deals
Retail165,156 SF
Sold
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$104
Total Square Footage:165156 SF
Transaction Type:Sale

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.

Players

Brad Buchanan
26 deals$808.3M volume
BROKER

Andrew Kahn
JLL
14 deals$452.9M volume
BROKER

Details

SOLD
IMAGE: 12/17/2024 ADDRESS: 4135-4145 Lavista Road MARKET: Tucker, GA ASSET TYPE: Retail SELLER: Northlake Square, LLC BROKERS: Andrew Kahn & Brad Buchanan - JLL SALE PRICE: $17,300,000 SF: 82,578 ~ PPSF: $209 NOTE: JLL Capital Markets facilitated the $17.3 million sale of Northlake Square, an 82,578-square-foot retail center in Tucker, Georgia, to Greenberg Gibbons.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$922,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91