David Stone Acquires Retail Property At 1522 Bradley Park Dr Columbus For $1,422,125
1522 Bradley Park Dr
$1,422,125
$432/SF
Building Size
3,286 SF
Asset Type
Retail
Closing
Jan 20, 2010
AI
The property asset involved in this transaction is a retail space located at 1522 Bradley Park Dr in Columbus. The property encompasses a total square footage of 3,286 and was sold for a transaction amount of $1,422,125.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,422,125.00
- Address: 1522 Bradley Park Dr
- Market: Columbus
- Square Footage: 3,286
- Buyer: David Stone
- Seller: William Wallis
- Brokers: Arthur Porosoff, Alvin Mansour (Marcus & Millichap), Phil Sambazis (Marcus & Millichap)
The transaction included notable participants such as David Stone as the buyer and William Wallis as the seller. The brokers involved in representing the interests of the parties were Arthur Porosoff, Alvin Mansour, and Phil Sambazis, all affiliated with Marcus & Millichap.
Players
Colombus 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
11.15%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93