First National Realty Partners Acquires 23.39 Acres Retail Property In Atlanta, Georgia For $16.2M
7965 Tara Boulevard, Jonesboro, Georgia 30236, United States
$16,200,000
$80/SF
Building Size
201,404 SF
Asset Type
Retail
Closing
Dec 14, 2021
About this deal
AI
First National Realty Partners has acquired a retail property located at 7965 Tara Blvd. in Atlanta, Georgia. The property spans across 23.39 acres and features a total square footage of 201,404. The transaction was closed on December 14, 2021, with a sale price of $16,200,000, resulting in a price per square foot of $80.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,200,000
- Address: 7965 Tara Blvd.
- Market: Atlanta, Georgia
- Acres: 23.39
- Square Footage: 201,404
The transaction was facilitated by JLL Capital Markets represented by brokers Jim Hamilton, Brad Buchanan, and Taylor Callaway. They played a crucial role in the deal, ensuring a successful outcome for the buyer, First National Realty Partners.
Players
Jonesboro 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93