Asana Partners Acquires Shops Of Dunwoody Retail Property From Hudgens Company For $27.5M
5500 Chamblee Dunwoody Road
$27,500,000
Building Size
—
Asset Type
Retail
Closing
Apr 21, 2025
AI
The asset involved in this transaction is a retail property located at 5500 Chamblee Dunwoody Road in Dunwoody, GA. The sale price for the Shops of Dunwoody was $27,500,000. Asana Partners also acquired nearby parcels for an additional $7,500,000. This acquisition contributes to Asana Partners' regional portfolio, which encompasses properties like Krog Street Market and Midtown Promenade.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,500,000
- Buyer: Asana Partners
- Seller: Hudgens Company
- Additional Parcel Acquisition: $7,500,000
This transaction was facilitated by Asana Partners, which is known for building a significant regional portfolio through strategic acquisitions. The seller, Hudgens Company, has completed the sale of the property to Asana Partners as part of their portfolio management strategy.
Players
Atlanta 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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93