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26 NE 54 St

Greg Stier Acquires Retail Property In Buena Vista For $2M
SOLDRetail

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

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

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