Kirk Klatt Acquires Retail Property In Fort Wayne For $5.1M
SOLD
$5,100,000
+ 1
Indiana
See Similar DealsRetail14,392 SF
Sold 03/14/2023
SOLD
Kirk Klatt Acquires Retail Property In Fort Wayne For $5.1M
330 West State Boulevard
See Similar DealsRetail14,392 SF
Sold 03/14/2023
+ 1
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$354
Total Square Footage:14,392 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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