TA Realty Acquires Retail Property In Atlanta, GA For $80.3M With Brokers From Cushman & Wakefield
675 North Highland Avenue Northeast, Atlanta, Georgia 30306, United States
$80,300,000
Units
164
Asset Type
Retail
Closing
Sep 29, 2022
About this deal
AI
The retail property located at 675 North Highland Avenue Northeast in Atlanta, GA has been sold in a closed transaction. The property consists of 164 units and was sold for a total price of $80,300,000, resulting in a per unit price of $489,634. The transaction took place on September 30, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $80,300,000
- Address: 675 North Highland Avenue Northeast, Atlanta, GA
- Market: Atlanta, GA
The buyer of the property was TA Realty, while the seller was Origin Investments. The transaction was facilitated by brokers Robert Stickel and Alex Brown from Cushman & Wakefield.
Players
Atlanta 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93