Hackney Real Estate Partners Sells Retail Assets In Acworth & Smyrna, GA For $29M
SOLD
$29,000,000
Georgia
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Sold
SOLD
Hackney Real Estate Partners Sells Retail Assets In Acworth & Smyrna, GA For $29M
5530 Bells Ferry Road, Acworth, Georgia 30189, United States
See Similar DealsRetail
Sold
Summary
GEORGIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 5530 Bells Ferry Rd & 3201-3209 S Cobb Dr in Acworth & Smyrna, GA has been sold. The transaction was facilitated by the real estate firm Hackney Real Estate Partners. The property was listed for sale with an asking price of $29,000,000.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $29,000,000
- Market: Acworth & Smyrna, GA
- Seller: Hackney Real Estate Partners
- Brokers: Brad Buchanan, Jim Hamilton & Andrew Kahn - JLL
The sale of this retail property represents a significant investment in the Acworth & Smyrna, GA market. Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL served as the brokers in this transaction, representing the seller, Hackney Real Estate Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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