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675 North Highland Avenue N...

TA Realty Acquires Retail Property In Atlanta, GA For $80.3M With Brokers From Cushman & Wakefield
SOLDRetail

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

Robert Stickel

Cushman & Wakefield

Broker

$574.1M

vol

8 deals

Broker
TA Realty
TA RealtyBuyer

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