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
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