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952 Harbins Road

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

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

Edward Hanley

Hanley Investment Group

Broker

$308.6M

vol

19 deals

Broker

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