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157 Plaza Drive, Forest Cit...

RealSource Group And Aileron Capital Management Broker $7.9M Retail Sale On Plaza Dr & Rome Highway In Forest City, NC & Cedartown, GA
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RealSource Group And Aileron Capital Management Broker $7.9M Retail Sale On Plaza Dr & Rome Highway In Forest City, NC & Cedartown, GA

157 Plaza Drive, Forest City, North Carolina 28043, United States

$7,900,000

Building Size

Asset Type

Retail

Closing

Sep 19, 2022

AI

The retail property located at 157 Plaza Dr & 1559 Rome Highway has been sold for a total price of $7,900,000. This transaction took place in Forest City, NC & Cedartown, GA. The property is characterized by its prime location and potential for retail business.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,900,000
  • Address: 157 Plaza Dr & 1559 Rome Highway
  • Market: Forest City, NC & Cedartown, GA

The deal was facilitated by Austin Blodgett from RealSource Group and Chris Salemi from Aileron Capital Management. Both brokers played a crucial role in representing the parties involved in the transaction, ensuring a successful sale of the property.

Players

Austin Blodgett

RealSource Group

Broker

$44.8M

vol

11 deals

Broker

Forest City 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93