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9484 Highway 5, Douglasvill...

Coro Realty & Wilson Development Group Sells Retail Property In Douglasville, GA For $5.9M
SOLDRetail

Coro Realty & Wilson Development Group Sells Retail Property In Douglasville, GA For $5.9M

9484 Highway 5, Douglasville, Georgia 30135, United States

$5,900,000

Building Size

Asset Type

Retail

Closing

Jun 5, 2022

AI

The retail property located at 9484 Hwy 5 in Douglasville, GA has been sold for a price of $5,900,000. The property was owned by CONNOLLY and represented by Coro Realty & Wilson Development Group. The sale was facilitated by Brian Lane, Emery Shane, and Billy Benedict of Stan Johnson Company.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,900,000
  • Address: 9484 Hwy 5, Douglasville, GA
  • Market: Douglasville, GA

Brian Lane, Emery Shane, and Billy Benedict of Stan Johnson Company played a key role as brokers in the transaction, representing both the buyer and the seller.

Players

Brian Lane

Stan Johnson Company

Broker

$11M

vol

2 deals

Broker
CR
Coro RealtySeller

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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93