Delza Properties And CedarPlaza Partners Acquire Cedar Plaza Retail Center For $10.3 Million
720 North Main Street & 730 North Main Street
$10,300,000
$61/SF
Building Size
166,600 SF
Asset Type
Retail
Closing
May 4, 2026
AI
A retail center located at 720 North Main Street & 730 North Main Street in Cedartown, GA was sold for $10,300,000. The asset encompasses 83,300 square feet, with a price per square foot of $124. The property is anchored by Kroger.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,300,000
- Sale Date: 05/04/2026
- Buyer: Delza Properties & CedarPlaza Partners
- Seller: Loser Inc
- Brokers: Mark Joines & Drew Fleming - Newmark
Delza Properties and CedarPlaza Partners are the buyers in this transaction, acquiring the retail center from Loser Inc. Mark Joines and Drew Fleming from Newmark represented the buyers in the deal.
Players
Cedartown 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93