Updated Oct 28, 2024
The Equiton Balanced Real Estate Fund Trust Acquires Commercial Property In London, ON For $11.2M
1980 Hyde Park Road, London, Ontario N6 H 5 L8, Canada
$11,170,000
$570/SF
Building Size
19,565 SF
Asset Type
Commercial
Closing
Dec 13, 2021
About this deal
AI
The property involved in this transaction is a commercial asset located at 1960-1980 Hyde Park Rd in London, ON. The property spans approximately 2.6 acres and was sold on 12/14/2021.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $11,170,000
- Square Footage: 19,565
- Price per Square Foot: $571
- Buyer: The Equiton Balanced Real Estate Fund Trust
This transaction was completed with a sale price of $11,170,000. The property has a total square footage of 19,565 with a price per square foot of $571. The buyer in this deal is The Equiton Balanced Real Estate Fund Trust.
Players
London Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93