Continental Property Group LLC Acquires Retail Property In Douglasville, GA For $11.6M
Douglas Boulevard, Douglasville, Georgia 30135, United States
$11,600,000
$134/SF
Building Size
86,166 SF
Asset Type
Retail
Closing
Jan 25, 2022
AI
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
Douglasville 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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93