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Continental Property Group LLC Acquires Retail Property In Douglasville, GA For $11.6M

Property Image
SOLD
$11,600,000
Pierce Mayson
Kyle Stonis

Georgia

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Retail86,166 SF
Sold 01/26/2022
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Property Image
SOLD

Continental Property Group LLC Acquires Retail Property In Douglasville, GA For $11.6M

Douglas Boulevard, Douglasville, Georgia 30135, United States

See Similar Deals
Retail86,166 SF
Sold 01/26/2022
Pierce Mayson
Kyle Stonis
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$134
Total Square Footage:86,166 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 775 Douglas Blvd in Douglasville, GA. The property spans an area of 9.4 acres, making it a significant piece of real estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,600,000
  • Square Footage: 86,166
  • Price Per Square Foot: $134
  • Address: 775 Douglas Blvd, Douglasville, GA
  • Market: Douglasville, GA

The buyer involved in this transaction is Continental Property Group LLC. Representing the buyer in this deal is the broker team of Kyle Stonis & Pierce Mayson from SRS Real Estate Partners Investment Properties Group.

This transaction demonstrates the strong demand for retail properties in the Douglasville, GA market. With a sale price of $11,600,000 and a spacious floor area of 86,166 square feet, this retail asset presents an excellent investment opportunity.

Players

Kyle Stonis
Matthews
Kyle Stonis
17 deals$235.4M volume(770) 329-5065
BROKER
Pierce Mayson
Matthews
Pierce Mayson
18 deals$242.4M volume(770) 241-2232
BROKER

Details

SOLD
IMAGE: Kyle Stonis & Pierce Mayson DATE: 01/26/2022 ADDRESS: 775 Douglas Blvd, MARKET: Douglasville, GA ASSET TYPE: Retail ~ ACRES: 9.4 BUYER: Continental Property Group LLC BROKER: Kyle Stonis & Pierce Mayson - SRS Real Estate Partners Investment Properties Group SALE PRICE: $11,600,000 SF: 86,166 ~ PPSF: $134

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$618,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02