Mark Heidecke Of Horvath & Tremblay Represents Buyer In Spring Grove Retail Sale For $2.65M
2020 Us Route 12
$2,650,000
$125/SF
Building Size
21,130 SF
Asset Type
Retail
Closing
Dec 30, 2024
AI
The property asset involved in the transaction is a retail space located at 2020 US Route 12 in Spring Grove. The sale price for the property was $2,650,000, encompassing a total square footage of 21,130, resulting in a price per square foot of $125.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,650,000
- Address: 2020 US Route 12
- Market: Spring Grove
- Square Footage: 21,130
- Price Per Square Foot: $125
- Buyer's Representative: Mark Heidecke - Horvath & Tremblay
- Seller's Representative: Jared Brown - Marcus & Millichap
In this transaction, Mark Heidecke represented the buyer from Horvath & Tremblay, while Jared Brown represented the seller from Marcus & Millichap, facilitating the sale process for both parties involved in the deal.
Players
Spring Grove Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93