Faring Acquires Retail Property In Atlanta For $28.6M
17th Street NW, Atlanta, Georgia 30309, United States
$28,600,000
$871/SF
Building Size
32,817 SF
Asset Type
Retail
Closing
Jan 25, 2022
About this deal
AI
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.
On the Map
$28,600,000
$871/SF
Retail
View full map
Players
Atlanta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Kahn to view all their deals.
Browse Georgia retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93