Chaser Capital Acquires Retail Property In Terre Haute From Kamin Realty For $1,000,000
SOLD
$1,000,000
Indiana
See Similar DealsRetail10,125 SF
Sold 02/29/2024
SOLD
Chaser Capital Acquires Retail Property In Terre Haute From Kamin Realty For $1,000,000
1320 Maple Avenue tere
See Similar DealsRetail10,125 SF
Sold 02/29/2024
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$98
Total Square Footage:10,125 SF
Transaction Type:Sale
The retail property located at 1320 Maple Avenue in Terre Haute, Indiana, was recently sold in a transaction between Kamin Realty and buyer Chaser Capital, with Andrew Gharibian representing Chaser Capital. The sale price for the 10,125 square foot asset was $1,000,000, amounting to a price per square foot of $99.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Buyer: Chaser Capital - Andrew Gharibian
- Seller: Kamin Realty
- Square Footage: 10,125
- Market: Terre Haute, Indiana
The buyer, Chaser Capital, is actively seeking vacant retail properties in the midwest with sizes ranging from 7,000 to 14,000 square feet. For any potential opportunities, they can be reached at [email protected].
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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