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4605 West Gate City Boulevard

Legacy Realty Group Advisors Sells Sedgefield Crossing Retail Center In Greensboro For $6M
SOLDRetail

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:

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

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker

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