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
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