Jarold Klien Purchases Retail Property At 3761 Norwood Dr For $6.3M From Seller 1031 Seller
3761 Norwood Dr
$6,300,000
Building Size
—
Asset Type
Retail
Closing
Jul 2, 2021
About this deal
AI
The asset involved in this transaction is a retail property located at 3761 Norwood Dr, situated in the Norwood market. It was sold for an amount of $6,300,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000.00
- Buyer: Jarold Klien (Buyer's Company)
- Seller: 1031 Seller (Seller's Company)
- Broker: Taylor Avakian (Lyon Stahl Investment Real Estate)
- Date of Transaction: 07/02/2021
This transaction involved key individuals such as the buyer, Jarold Klien, representing his company, and the seller, 1031 Seller, acting on behalf of their company. The broker involved in the deal was Taylor Avakian from Lyon Stahl Investment Real Estate, facilitating the transaction.
On the Map
$6,300,000
Retail
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Players
Norwood 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93