Forge Capital Partners And The Sembler Co Acquire Retail Property In Byron, GA For $12M
SOLD
$12,000,000
Georgia
See Similar DealsRetail80,675 SF
Sold 08/17/2022
SOLD
Forge Capital Partners And The Sembler Co Acquire Retail Property In Byron, GA For $12M
6015 Watson Blvd, Byron, Georgia 31008, United States
See Similar DealsRetail80,675 SF
Sold 08/17/2022
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:80,675 SF
Transaction Type:Sale
Located at 6015 Watson Blvd in Byron, GA, this retail property was recently sold in a transaction. The property spans across 80,675 square feet, and the sale price was $12,000,000. The price per square foot was calculated to be $149.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Market: Byron, GA
- Buyer: Forge Capital Partners & The Sembler Co
- Seller: Garner Group
- Brokers: Brad Buchanan, Jim Hamilton & Andrew Kahn - JLL
The buyers of the property were Forge Capital Partners and The Sembler Co, while the sellers were the Garner Group. The deal was facilitated by brokers Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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