RealSource Group And Aileron Capital Management Broker $7.9M Retail Sale On Plaza Dr & Rome Highway In Forest City, NC & Cedartown, GA
SOLD
$7,900,000
North Carolina
See Similar DealsRetail
Sold 09/20/2022
SOLD
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
See Similar DealsRetail
Sold 09/20/2022
Summary
NORTH CAROLINA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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