Legacy Realty Group Advisors Sells Sedgefield Crossing Retail Center In Greensboro For $6M
4605 West Gate City Boulevard & 4621 West Gate City Boulevard
$6,000,000
$26/SF
Building Size
224,660 SF
Asset Type
Retail
Closing
Jul 2, 2024
AI
The $6 million sale of Sedgefield Crossing, a 112,330-square-foot retail property located at 4605-4621 West Gate City Boulevard in Greensboro, NC, has been successfully completed. The shopping center is anchored by Family Dollar and USPS, offering a total price per square foot of $53.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 4605-4621 West Gate City Boulevard
- Market: Greensboro, NC
- Square Footage: 112,330
- Brokers: Ari Warshaw, Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors
Legacy Realty Group Advisors, through the representation of Ari Warshaw, Jacob Baruch, and Jonah Warshaw, played a crucial role in facilitating the transaction as they represented both the seller and buyer, ensuring a successful sale of Sedgefield Crossing. The property's strategic location and key anchor tenants contributed to the smooth completion of the deal.
Players
Greensboro 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93