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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 221 Tormenta Way
- Market: Statesboro, GA
- Asset Size: 30,865 square feet
- Buyer: Ryan Moore - Last Mile Investments
- Brokers: Henry Kushner, Ashley Smith & Tyler Mouchet - Colliers
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
Statesboro Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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