Coro Realty & Wilson Development Group Sells Retail Property In Douglasville, GA For $5.9M
SOLD
$5,900,000
Georgia
See Similar DealsRetail
Sold 06/06/2022
SOLD
Coro Realty & Wilson Development Group Sells Retail Property In Douglasville, GA For $5.9M
9484 Highway 5, Douglasville, Georgia 30135, United States
See Similar DealsRetail
Sold 06/06/2022
Summary
GEORGIA
Asset Type:Retail
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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