CTO Realty Growth Acquires Retail Property In Atlanta For $80.2M
905 Memorial Drive Southeast, Atlanta, Georgia 30316, United States
$80,200,000
$493/SF
Building Size
162,500 SF
Asset Type
Retail
Closing
Jul 11, 2022
AI
The retail property located at 905 Memorial Dr SE in Atlanta, GA has been sold in a transaction totaling $80,200,000. The property spans 162,500 square feet, resulting in a price per square foot of $494. The sale was completed between CTO Realty Growth as the buyer and Fuqua Development as the seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $80,200,000
- Address: 905 Memorial Dr SE, Atlanta, GA
- Market: Atlanta, GA
- Square Footage: 162,500
- Price Per Square Foot: $494
The buyer in this transaction, CTO Realty Growth, acquired the property from the seller, Fuqua Development.
Players
Atlanta 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93