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5530 Bells Ferry Road, Acwo...

Hackney Real Estate Partners Sells Retail Assets In Acworth & Smyrna, GA For $29M
SOLDRetail

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:

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

Jim Hamilton

JLL

Broker

$1B

vol

28 deals

Broker
HP
Hackney Real Estate PartnersSeller

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