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15 South Cory Lane Smyrna, ...

Horvath & Tremblay Completes Sale Of Firestone Retail Property In Smyrna, DE For $3.6M
SOLDRetail

Horvath & Tremblay Completes Sale Of Firestone Retail Property In Smyrna, DE For $3.6M

15 South Cory Lane Smyrna, Delaware 19977, USA

$3,567,280

$583/SF

Building Size

6,116 SF

Asset Type

Retail

Closing

Jun 30, 2023

AI

The real estate brokerage firm, Horvath & Tremblay, has successfully completed the sale of a retail property located at 15 South Cory Lane in Smyrna, DE. The property, which was sold for a price of $3,567,280, consists of a Firestone location. With a total area of 6,116 square feet, the property was sold at a rate of $583 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,567,280
  • Address: 15 South Cory Lane
  • Market: Smyrna, DE
  • SF: 6,116
  • PPSF: $583

The sale of the Firestone location showcases the expertise and success of Horvath & Tremblay in the Mid-Atlantic region's real estate market. The transaction was facilitated by brokers Kyle Danielson, Hill Kanellos, and Austin Smith of Horvath & Tremblay, who represented the buyer and seller in the deal.

Players

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

Smyrna, 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

4.45%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93