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221 Tormenta Way

SOLDRetail

Ryan Moore Of Last Mile Investments Acquires University Station Retail Center In Statesboro For Closed Transaction

221 Tormenta Way

Building Size

30,865 SF

Asset Type

Retail

Closing

Aug 4, 2026

AI

Last Mile Investments acquired a newly built retail center located at 221 Tormenta Way in Statesboro, GA. The property encompasses 30,865 square feet and is fully leased. It is situated in a rapidly growing mixed-use area that serves the nearby Georgia Southern University, featuring notable tenants such as QDOBA, Blaze Pizza, Hotworx, and Oconee State Bank.

Summary of transaction details:

This transaction involved key brokers from Colliers, who facilitated the deal for Last Mile Investments in acquiring the retail center. The team included Henry Kushner, Ashley Smith, and Tyler Mouchet, highlighting their role in navigating the complexities of this commercial property transaction.

Players

Ashley Smith

Compass

Broker

1 deal

Broker

Henry Kushner

Colliers

Broker

$4.9M

vol

2 deals

Broker

Ryan Moore

Last Mile Investments

Buyer

$34.1M

vol

4 deals

Buyer

Statesboro 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93