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740 Barrett Parkway, Kennes...

Octave Holdings & Investments Acquires Retail Property In Kennesaw, GA For $58.8M
SOLDRetail

Octave Holdings & Investments Acquires Retail Property In Kennesaw, GA For $58.8M

740 Barrett Parkway, Kennesaw, Georgia 30144, United States

$58,800,000

$158/SF

Building Size

369,971 SF

Asset Type

Retail

Closing

Sep 7, 2022

AI

The retail property located at 740 Ernest W Barrett Pkwy NW in Kennesaw, GA has been sold in a recent transaction. The property spans across 369,971 square feet and was sold at a price of $58,800,000, resulting in a price per square foot of $159. The buyers of the property were Octave Holdings & Investments LLC, while the sellers were Stockbridge & Lincoln Property Co.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $58,800,000
  • Address: 740 Ernest W Barrett Pkwy NW, Kennesaw, GA
  • Market: Kennesaw, GA
  • Buyer: Octave Holdings & Investments LLC
  • Seller: Stockbridge & Lincoln Property Co
  • Square Footage: 369,971
  • Price Per Square Foot: $159

This transaction involving the retail property on Ernest W Barrett Pkwy NW brings together Octave Holdings & Investments LLC as the buyers and Stockbridge & Lincoln Property Co as the sellers. The deal was closed for a total price of $58,800,000, with the property encompassing a significant area of 369,971 square feet. This purchase marks a significant step in the retail market in Kennesaw, GA.

Players

OL
Octave Holdings & Investments LLCBuyer

Kennesaw Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93