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Atlantic Capital Partners Sells Twelve Oaks Shopping Center In Savannah For $35.8 Million
SOLD
$35,800,000
Georgia
See Similar DealsRetail104,915 SF
Sold 10/01/2025
SOLD
Atlantic Capital Partners Sells Twelve Oaks Shopping Center In Savannah For $35.8 Million
5500 Abercorn Street
See Similar DealsRetail104,915 SF
Sold 10/01/2025
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$341
Total Square Footage:104,915 SF
Transaction Type:Sale
A retail property located at 5500 Abercorn Street in Savannah, GA, was sold for $35.8 million. This shopping center, known as Twelve Oaks, encompasses 104,915 square feet and is anchored by Publix. At the time of sale, the property was 99% leased, hosting several tenants including Sephora, Five Guys, and Bonefish Grill.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35,800,000
- Square Footage: 104,915
- Price Per Square Foot: $341
- Seller: Atlantic Capital Partners
- Broker: Fred Victor - Atlantic Retail
- Market: Savannah, GA
This transaction involved Atlantic Capital Partners as the seller, with Fred Victor from Atlantic Retail serving as the broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,909,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,189.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$169,710.26
Annual Debt Service$2,036,523.17
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