Marcus & Millichap Sells Retail Property In Hinesville, GA For $10.3M
755 East Oglethorpe Highway, Hinesville, Georgia 31313, United States
$10,300,000
$251,219/SF
Building Size
41 SF
Asset Type
Retail
Closing
Jan 18, 2023
AI
A retail property located at 755 Oglethorpe Highway in Hinesville, GA has been sold for a price of $10,300,000. The property spans approximately 41,800 square feet, resulting in a price per square foot of $246. The transaction took place on January 18, 2023. The sale was facilitated by Al Taf & Brian Munn, brokers from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 755 Oglethorpe Highway, Hinesville, GA
- Market: Hinesville, GA
- Square Footage: 41,800
- Price per Square Foot: $246
- Brokers: Al Taf & Brian Munn - Marcus & Millichap
The sale of this retail property was orchestrated by Al Taf & Brian Munn, representatives from Marcus & Millichap. They successfully facilitated the transaction between the buyer and seller, culminating in the sale price of $10,300,000. The property, located at 755 Oglethorpe Highway in Hinesville, GA, spans approximately 41,800 square feet.
Players
Hinesville 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