SOLDRetail
Ankle & Foot Care Center Inc Acquires Retail Property From Parson Associates For $4.225M
12205 Centralia Street
$4,225,000
$293/SF
Building Size
14,400 SF
Asset Type
Retail
Closing
Feb 25, 2026
AI
The retail asset located at 12205 Centralia Street in Lakewood was sold for $4,225,000. This property encompasses a total square footage of 14,400, resulting in a price per square foot of $293.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,225,000
- Buyer: Ankle & Foot Care Center, Inc.
- Seller: Parson Associates
- Broker: Drew McAllister - NRE Commercial
The transaction involved Drew McAllister representing the brokerage firm NRE Commercial, facilitating the deal between the buyer and seller.
Players
Lakewood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93