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668 Dawsonville Highway, Ga...

Collett Capital Acquires Retail Property For $8.7M On Dawsonville Highway, Gainesville
SOLDRetail

Collett Capital Acquires Retail Property For $8.7M On Dawsonville Highway, Gainesville

668 Dawsonville Highway, Gainesville, GA 30501

$8,700,000

$176/SF

Building Size

49,364 SF

Asset Type

Retail

Closing

Dec 16, 2021

AI

Collett Capital has acquired a retail property located at 668 Dawsonville Highway in Gainesville, Georgia. The property spans 49,364 square feet and was sold for $8,700,000, resulting in a price per square foot of $176. The transaction took place on December 16, 2021, between Collett Capital and Bridge33 Capital.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $8,700,000
  • Address: 668 Dawsonville Highway, Gainesville, Georgia
  • Square Footage: 49,364
  • Price Per Square Foot: $176
  • Buyer: Collett Capital
  • Seller: Bridge33 Capital
  • Brokers: Jim Hamilton, Brad Buchanan & Andrew Michols - JLL Capital Markets

The acquisition of the retail property at 668 Dawsonville Highway was facilitated by brokers Jim Hamilton, Brad Buchanan, and Andrew Michols from JLL Capital Markets.

Players

Jim Hamilton

JLL

Broker

$1B

vol

28 deals

Broker
CC
Collett CapitalBuyer

Gainesville 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

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93