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Delza Properties And CedarPlaza Partners Acquire Cedar Plaza Retail Center For $10.3 Million
SOLD
$10,300,000
Georgia
See Similar DealsRetail166,600 SF
Sold 05/04/2026
SOLD
Delza Properties And CedarPlaza Partners Acquire Cedar Plaza Retail Center For $10.3 Million
720 North Main Street & 730 North Main Street
See Similar DealsRetail166,600 SF
Sold 05/04/2026
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$61
Total Square Footage:166,600 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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