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.
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