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4135 Lavista Road

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

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.

Players

Brad Buchanan

JLL

Broker

$748.7M

vol

27 deals

Broker

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