ALTO Real Estate Funds Acquires Retail Property In Douglasville For $18.4M
SOLD
$18,400,000
Georgia
See Similar DealsRetail122,763 SF
Sold 11/16/2021
SOLD
ALTO Real Estate Funds Acquires Retail Property In Douglasville For $18.4M
9550 State Highway 5, Douglasville, GA, USA
See Similar DealsRetail122,763 SF
Sold 11/16/2021
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$149
Total Square Footage:122,763 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 9550 Highway 5 in Douglasville, GA. The transaction took place on November 16, 2021. The property spans approximately 122,763 square feet and was sold for a price of $18,400,000, resulting in a price per square foot of $150.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,400,000 (Approx.)
- Address: 9550 Highway 5, Douglasville, GA
- Market: Douglasville, GA
The buyer involved in this transaction is ALTO Real Estate Funds, represented by Mody Kidon & Yaniv Melamud.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$981,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
Annual Debt Service$1,046,704.65
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