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
About this deal
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