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
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