facebook

traded

+ Submit
Home

/

Deals

/

Indiana

/

Retail

/

Sale

/

330 West State Boulevard

Kirk Klatt Acquires Retail Property In Fort Wayne For $5.1M
SOLDRetail

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

Luc Hawkshaw

Ally Commercial Real Estate

Broker

$150M

vol

25 deals

Broker

Market 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93