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

Property Image
SOLD
$6,000,000
Jonah Warshaw
Jacob Baruch
Ari Warshaw

North Carolina

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Retail224,660 SF
Sold 07/02/2024
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Property Image
SOLD

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

4605 West Gate City Boulevard & 4621 West Gate City Boulevard

See Similar Deals
Retail224,660 SF
Sold 07/02/2024
Jonah Warshaw
Jacob Baruch
Ari Warshaw
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$26
Total Square Footage:224,660 SF
Transaction Type:Sale

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
Jacob Baruch
39 deals$551.8M volume
BROKER
Jonah Warshaw
Legacy Realty Group Advisors
Jonah Warshaw
20 deals$192.1M volume
BROKER
Ari Warshaw
Legacy Realty Group Advisors
Ari Warshaw
12 deals$82.6M volume
BROKER

Details

SOLD
IMAGE: 07/02/2024 ADDRESS: 4605-4621 West Gate City Boulevard MARKET: Greensboro, NC ASSET TYPE: Retail BROKERS: Ari Warshaw, Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors SALE PRICE: $6,000,000 SF: 112,330 ~ PPSF: $53 NOTE: Legacy Realty Group Advisors arranged the $6 million sale of Sedgefield Crossing, a 112,330-square-foot shopping center in Greensboro anchored by Family Dollar and USPS. Jacob Baruch, Jonah Warshaw, and Ari Warshaw represented both the seller and buyer in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73