Greg Stier Acquires Retail Property In Buena Vista For $2M
26 NE 54 St
$2,000,000
$166/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Aug 8, 2022
AI
Pablo Rodriguez and Ernie Perez of Gridline Properties represented the buyer, Greg Stier, in the sale of a retail property located at 26 NE 54 Street in the Buena Vista market. The property was sold by Michelle Cameron for a price of $2,000,000. The property spans 12,000 square feet, resulting in a price per square foot of $167.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 26 NE 54 Street
- Market: Buena Vista
- Buyer: Greg Stier
- Seller: Michelle Cameron
- Buyer's Representative: Pablo Rodriguez & Ernie Perez - Gridline Properties
- Square Footage: 12,000
- Price per Square Foot: $167
Pablo Rodriguez and Ernie Perez, representing Gridline Properties, provided representation for the buyer, Greg Stier, in the sale of the retail property.
Players
Williston 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93