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
About this deal
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