Kirk Klatt Acquires Retail Property In Fort Wayne For $5.1M
330 West State Boulevard
$5,100,000
$354/SF
Building Size
14,392 SF
Asset Type
Retail
Closing
Mar 14, 2023
AI
A retail property located at 330 West State Boulevard in Fort Wayne has been sold. The property spans 14,392 square feet and was sold for a price of $5,100,000, resulting in a price per square foot of $354.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Square Footage: 14,392
- Address: 330 West State Boulevard, Fort Wayne
The buyer of the property is Kirk Klatt, while the seller is Reisa Jiang. The transaction was facilitated by the brokers Eric Mandell, Luc Hawkshaw, Jeffrey Ahn, and Jonny Elkouby from Ally Commercial Real Estate.
Players
Market 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93