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Essential Growth Properties Acquires Retail Center In Dacula Georgia For $13.4M With JLL Representation
SOLD
$13,400,000
+ 1
Georgia
See Similar DealsRetail75,200 SF
Sold
SOLD
Essential Growth Properties Acquires Retail Center In Dacula Georgia For $13.4M With JLL Representation
831 Auburn Road
See Similar DealsRetail75,200 SF
Sold
+ 1
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$178
Total Square Footage:75200 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail center located at 831 Auburn Road in Dacula, GA. The sale price for this 17.1-acre site was $13,400,000, with a total square footage of 75,000 and a price per square foot of $179.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,400,000
- Buyer: Essential Growth Properties
- Seller: Watkins Real Estate Group
- Brokers: Jim Hamilton, Brad Buchanan, Andrew Michols & Charlie Merrigan - JLL
- Occupancy Rate: 94%
The deal was facilitated by JLL, which represented the seller, Watkins Real Estate Group. The property is anchored by Publix and is located in an area noted for strong demographics and future development potential.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$714,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
Annual Debt Service$762,274.04
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