Edward Hanley & Kevin Fryman Of Hanley Investment Group Arrange $25M Sale Of Publix In Dacula GA
952 Harbins Road
$25,000,000
$358/SF
Building Size
69,807 SF
Asset Type
Retail
Closing
Nov 15, 2024
AI
952 Harbins Road is a retail property located in Dacula, GA, featuring a sale price of $25,000,000. This asset encompasses a total area of 69,807 square feet, priced at approximately $358 per square foot. The property includes Publix as a grocery anchor and was built in 2023, fully leased at the time of sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,000,000
- Sale Date: 11/15/2024
- Address: 952 Harbins Road
- Market: Dacula, GA
- Square Footage: 69,807
- Price Per Square Foot: $358
- Seller: Watkins Real Estate Group
- Buyer's Representative: Edward Hanley & Kevin Fryman - Hanley Investment Group; ParaSell Inc
- Seller's Representatives: Chris Decouflé, Kevin Hurley, Matt Karempelis - CBRE
Hanley Investment Groupwas instrumental in facilitating the $25 million sale, highlighting the active role of the buyer's representatives in securing the property. The team from CBRE represented the seller throughout the transaction, underscoring the involvement of multiple parties in the successful closure of this retail property deal.
Players
Dacula 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93