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Atlantic Capital Partners Arranges $24.5 Million Sale Of Retail Power Center In Cleveland Tennessee

Property Image
SOLD
$24,500,000
Sam Koonce
Matt Ericson
+ 1

Tennessee

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Retail118,082 SF
Sold 09/29/2025
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Property Image
SOLD

Atlantic Capital Partners Arranges $24.5 Million Sale Of Retail Power Center In Cleveland Tennessee

300 Paul Huff Parkway

See Similar Deals
Retail118,082 SF
Sold 09/29/2025
Sam Koonce
Matt Ericson
+ 1
Contact now

Summary

TENNESSEE
Asset Type:Retail
Price Per Square Foot:$207
Total Square Footage:118,082 SF
Transaction Type:Sale

The sale of a retail property located at 300 Paul Huff Parkway, Cleveland, TN, has been finalized for a total of $24,500,000. The asset encompasses 118,082 square feet, translating to a price per square foot of $207. This fully leased power center is anchored by major retailers including HomeGoods, T.J. Maxx, PetSmart, and Ulta Beauty.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $24,500,000
  • Square Footage: 118,082
  • Price Per Square Foot: $207
  • Market: Cleveland, TN

Atlantic Capital Partners facilitated the transaction, representing the interests of the seller. The brokerage involved in the deal consists of Fred Victor, Sam Koonce, Teddy Driscoll, and Matt Ericson from Atlantic Retail. The property was redeveloped in 2019 from part of Bradley Square Mall and the identity of the buyer remains undisclosed.

Players

Sam Koonce
27 deals$447M volume
BROKER

Fred Victor
Atlantic Retail
8 deals$144.5M volume
BROKER

Matt Ericson
Atlantic Retail
10 deals$152.7M volume(978) 494-2164
BROKER

Teddy Driscoll
Atlantic Retail
2 deals$32.7M volume(978) 854-2126
BROKER

Atlantic Retail
BROKERAGE

Details

SOLD
IMAGE: 09/29/2025 ADDRESS: 300 Paul Huff Parkway MARKET: Cleveland, TN ASSET TYPE: Retail BROKERS: Fred Victor, Sam Koonce, Teddy Driscoll & Matt Ericson - Atlantic Retail SALE PRICE: $24,500,000 SF: 118,082 ~ PPSF: $207 NOTE: Atlantic Capital Partners arranged the $24.5 million sale of Bradley Place, a 118,082-square-foot fully leased power center in Cleveland, a suburb of Chattanooga. Anchored by HomeGoods, T.J. Maxx, PetSmart and Ulta Beauty, the property was redeveloped in 2019 from part of Bradley Square Mall; the buyer was undisclosed.

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

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99