SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M
Dollar General Portfolio Kentucky
$60,000,000
Building Size
—
Asset Type
—
Closing
Feb 1, 2023
About this deal
AI
The Dollar General Portfolio, a retail asset, was recently sold in a closed transaction in Kentucky and Tennessee. The property, spanning 405,000 square feet, was sold by SD Development for a total price of $60,000,000. This equates to a price per square foot of $148.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $60,000,000
- Square Feet: 405,000
- Price per Square Foot: $148
- Address: Dollar General Portfolio
- Market: Kentucky & Tennessee
Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors served as the brokers representing SD Development in this transaction.
Players
Humboldt CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93