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Crosspoint Associates Acquires City Center Crossing Retail Center In Sandy Springs For $20.8M

Property Image
SOLD
$20,800,000

Georgia

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Retail
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SOLD

Crosspoint Associates Acquires City Center Crossing Retail Center In Sandy Springs For $20.8M

6337 Roswell Road

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Retail
Sold
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Summary

GEORGIA
Asset Type:Retail
Transaction Type:Sale

The retail asset located at 6337 Roswell Road in Sandy Springs, GA, was recently acquired for $20.8 million. The property encompasses a total area of 99,000 square feet and was built in 1966. This asset is anchored by US Foods, contributing to its retail functionality. The previous owner, First National Realty Partners, purchased the property in 2021 for $20 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,800,000
  • Buyer: Crosspoint Associates
  • Seller: First National Realty Partners
  • Lender: Webster Bank
  • Loan Amount: $15,600,000
  • Market: Sandy Springs, GA
  • Built Year: 1966
  • Property Size: 99,000 square feet
  • Anchor Tenant: US Foods

The transaction involved Crosspoint Associates, which was financed through a loan from Webster Bank. This acquisition reflects a notable shift in ownership from First National Realty Partners, presenting a strategic movement within the retail market space in the region.

Players

First National Realty Partners
First National Realty Partners
SELLER
Webster Bank
Webster Bank
LENDER

Details

SOLD
IMAGE: 12/31/2025 ADDRESS: 6337 Roswell Road MARKET: Sandy Springs, GA ASSET TYPE: Retail BUYER: Crosspoint Associates SELLER: First National Realty Partners LENDER: Webster Bank SALE PRICE: $20,800,000 NOTE: An affiliate of Crosspoint Associates acquired City Center Crossing in Sandy Springs, GA, for $20.8M, financing with a $15.6M Webster Bank loan. The 99,000-sf retail center, built in 1966 and anchored by US Foods, was sold by First National Realty Partners, which bought it in 2021 for $20M.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,109,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$73,898.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,602.61
Annual Debt Service$1,183,231.34