Hackney Real Estate Partners Sells Retail Assets In Acworth & Smyrna, GA For $29M
5530 Bells Ferry Road, Acworth, Georgia 30189, United States
$29,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 6, 2022
AI
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.
Players
Acworth 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93