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Stan Johnson Company Brokers $9.3M Sale Of Retail Property In Jonesboro, GA

Property Image
SOLD
$9,300,000

Georgia

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Retail
Sold 08/16/2022
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Property Image
SOLD

Stan Johnson Company Brokers $9.3M Sale Of Retail Property In Jonesboro, GA

6570 Tara Boulevard, Jonesboro, Georgia 30236, United States

See Similar Deals
Retail
Sold 08/16/2022
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Summary

GEORGIA
Asset Type:Retail
Transaction Type:Sale

The retail property located at 6570 Tara Blvd in Jonesboro, GA has been sold for a total price of $9,300,000. The transaction was completed on 08/16/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $9,300,000

The sale of this retail property was facilitated by Jeff Enck from the Stan Johnson Company. Jeff Enck represented the buyer or seller in this deal.

Players

Jeff Enck
6 deals$39M volume(404) 849-1631
BROKER

Details

SOLD
IMAGE: Jeff Enck DATE: 08/16/2022 ADDRESS: 6570 Tara Blvd MARKET: Jonesboro, GA ASSET TYPE: Retail BROKER: Jeff Enck - Stan Johnson Company SALE PRICE: $9,300,000

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

$496,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94