Faris Lee Brokers Facilitate $8.2M Sale Of Retail Property On Airline Hwy In Baton Rouge, LA & McDonough, GA
9679 Airline Highway, Baton Rouge, Louisiana 70815, United States
$8,200,000
Building Size
—
Asset Type
Retail
Closing
Jul 24, 2022
About this deal
AI
The retail property located at 9679 Airline Hwy in Baton Rouge, LA and McDonough, GA has been sold for a total price of $8,200,000. The transaction took place on July 25, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 9679 Airline Hwy, Baton Rouge, LA
- Market: Baton Rouge, LA & McDonough, GA
The sale of this retail property was facilitated by Jeff Conover, Scott DeYoung, and Hunter Steffien from Faris Lee. They represented the parties involved in the transaction, ensuring a successful deal.
Players
Baton Rouge 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93