Daily limit: 0/10
Nassimi Realty Acquires Two Retail Centers In Ohio And Illinois For $30M
SOLD
$30,000,000
Illinois
See Similar DealsRetail1,000,000 SF
Sold 11/06/2023
SOLD
Nassimi Realty Acquires Two Retail Centers In Ohio And Illinois For $30M
8203 Golf Road & 4908 Turney Road
See Similar DealsRetail1,000,000 SF
Sold 11/06/2023
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:1,000,000 SF
Transaction Type:Sale
Nassimi Realty has acquired two retail centers in Ohio and Illinois for $30 million. The properties, Turney Town Plaza in Ohio and Four Flaggs in Illinois, total 500,000 square feet. The retail centers feature various well-known tenants.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Square Footage: 500,000
- Price per Square Foot: $60
- Address: 8203 Golf Road & 4908 Turney Road
- Market: Niles, Illinois & Garfield Heights, Ohio
The buyer, representing Nassimi Realty, is Mike Nassimi.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
Is there something missing? Send suggestions