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401-407 E Coliseum Blvd, Fo...

Quantum Real Estate Advisors Inc. Brokers $12M Retail Sale On Coliseum Blvd. In Fort Wayne, IN
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Quantum Real Estate Advisors Inc. Brokers $12M Retail Sale On Coliseum Blvd. In Fort Wayne, IN

401-407 E Coliseum Blvd, Fort Wayne, IN, USA

$12,000,000

$444/SF

Building Size

27,000 SF

Asset Type

Retail

Closing

Mar 2, 2021

AI

The retail property located at 401-407 E. Coliseum Blvd. & 407 W. Coliseum Blvd. in Fort Wayne, IN, was recently sold for a total of $12,000,000. The transaction took place on 03/03/2021, with a total of 27,000 square feet of space. This translates to a price per square foot of $444. The sale was facilitated by broker Dan Waszak from Quantum Real Estate Advisors Inc.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $12,000,000
  • Square Footage: 27,000
  • Price per Square Foot: $444
  • Transaction Date: 03/03/2021
  • Market: Fort Wayne, IN

This transaction was made possible through the representation of Dan Waszak from Quantum Real Estate Advisors Inc. He played a crucial role in facilitating the sale of the retail property at 401-407 E. Coliseum Blvd. & 407 W. Coliseum Blvd. in Fort Wayne, IN.

Players

Daniel Waszak

Quantum Real Estate Advisors

Broker

$74.4M

vol

15 deals

Broker

Fort Wayne 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93