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
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93