Faring Acquires Retail Property In Atlanta For $28.6M
SOLD
$28,600,000
Georgia
See Similar DealsRetail32,817 SF
Sold 01/26/2022
SOLD
Faring Acquires Retail Property In Atlanta For $28.6M
17th Street NW, Atlanta, Georgia 30309, United States
See Similar DealsRetail32,817 SF
Sold 01/26/2022
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$871
Total Square Footage:32,817 SF
Transaction Type:Sale
The retail property located at Northside Dr. NW & 17th St NW in Atlanta, Georgia has been sold. The property has a total area of 32,817 square feet and was sold for a price of $28,600,000, resulting in a price per square foot of $871.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $28,600,000
- Square Footage: 32,817 sqft
- Location: Northside Dr. NW & 17th St NW, Atlanta, GA
- Market: Atlanta, GA
The buyer of the property is Faring while The Ardent Companies served as the seller. The transaction was facilitated by Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,525,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,609.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,578.59
Annual Debt Service$1,626,943.09
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