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
Building Size
—
Asset Type
Retail
Closing
Sep 29, 2022
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
Loading comparables…
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