facebook

traded

+ Submit
Home

/

Deals

/

Louisiana

/

Retail

/

Sale

/

9679 Airline Highway, Baton...

Faris Lee Brokers Facilitate $8.2M Sale Of Retail Property On Airline Hwy In Baton Rouge, LA & McDonough, GA
SOLDRetail

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

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

Jeff Conover

Faris Lee Investments

Broker

$346M

vol

28 deals

Broker

Baton Rouge 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93