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Edward Hanley & Kevin Fryman Of Hanley Investment Group Arrange $25M Sale Of Publix In Dacula GA

Property Image
SOLD
$25,000,000
Kevin Hurley
Chris DeCoufle
+ 2

Georgia

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Retail69,807 SF
Sold 11/15/2024
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Property Image
SOLD

Edward Hanley & Kevin Fryman Of Hanley Investment Group Arrange $25M Sale Of Publix In Dacula GA

952 Harbins Road

See Similar Deals
Retail69,807 SF
Sold 11/15/2024
Kevin Hurley
Chris DeCoufle
+ 2
Contact now

Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$358
Total Square Footage:69,807 SF
Transaction Type:Sale

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 DecouflĂ©, 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

Edward (Ed) Hanley
19 deals$308.6M volume(949) 585-7677
BROKER

Kevin Fryman
Hanley Investment Group
37 deals$539.7M volume(949) 585-7674
BROKER

Chris DeCoufle
CBRE
4 deals$86.9M volume
BROKER

Kevin Hurley
CBRE
5 deals$95.9M volume
BROKER

Matt Karempelis
CBRE
5 deals$95.9M volume
BROKER

Details

SOLD
IMAGE: 11/15/2024 ADDRESS: 952 Harbins Road MARKET: Dacula, GA ASSET TYPE: Retail SELLER: Watkins Real Estate Group BUYER'S REP: Edward Hanley & Kevin Fryman - Hanley Investment Group; ParaSell Inc SELLER'S REP: Chris Decouflé, Kevin Hurley, Matt Karempelis - CBRE SALE PRICE: $25,000,000 SF: 69,807 ~ PPSF: $358 NOTE: Hanley Investment Group arranged the $25M sale of Publix at Harbins 316, a fully leased 69,807-square-foot grocery-anchored center built in 2023 in Dacula, GA. é

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05