FINANCEDRetail
100 West Glenwood Avenue
100 West Glenwood Avenue
$11,430,000
$71/SF
Building Size
159,802 SF
Asset Type
Retail
Closing
Oct 17, 2024
AI
The property asset involved is a retail space located at 100 West Glenwood Avenue in Smyrna, DE, comprising a total of 159,802 square feet. The transaction includes a refinance loan amount of $11,430,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,430,000
- Address: 100 West Glenwood Avenue
- Market: Smyrna, DE
- Asset Size: 159,802 SF
- Loan Type: Refinance
The deal was brokered by Chaim Sherwinter and Paul Gilbert from Meridian Capital Group, representing the interests involved in the transaction.
Players
Smyrna Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93