TA Realty Acquires Retail Property In Atlanta, GA For $80.3M With Brokers From Cushman & Wakefield
SOLD
$80,300,000
Georgia
See Similar DealsRetail
Sold 09/30/2022
SOLD
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
See Similar DealsRetail
Sold 09/30/2022
Summary
GEORGIA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$285,288.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$380,662.97
Annual Debt Service$4,567,955.61
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