615 Ventures Acquires Retail Property In Kennesaw, GA For $13M
725 Ernest W Barrett Pkwy NW, Kennesaw, Georgia 30144, United States
$13,000,000
$180,555/SF
Building Size
72 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
A retail property located at 725 Ernest W. Barrett Parkway in Kennesaw, GA has been sold for a total price of $13,000,000. The property spans a total of 72,168 square feet, resulting in a price per square foot of $180. The transaction took place on December 14, 2022, and involved the buyer, 615 Ventures, and the seller, Ardent Cos.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $13,000,000
- Address: 725 Ernest W. Barrett Parkway, Kennesaw, GA
- Market: Kennesaw, GA
- Buyer: 615 Ventures
- Seller: Ardent Cos
- Brokers: Bryan Belk & John Tennant - Franklin Street
- Square Footage: 72,168
- Price per Square Foot: $180
The transaction was facilitated by Bryan Belk and John Tennant from Franklin Street. They represented the buyer and seller in this deal, respectively.
On the Map
$13,000,000
$180,555/SF
Retail
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Players
Kennesaw 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93