Faris Lee Brokers Facilitate $8.2M Sale Of Retail Property On Airline Hwy In Baton Rouge, LA & McDonough, GA
SOLD
$8,200,000
Louisiana
See Similar DealsRetail
Sold 07/25/2022
SOLD
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
See Similar DealsRetail
Sold 07/25/2022
Summary
LOUISIANA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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