Quantum Real Estate Advisors Inc. Brokers $12M Retail Sale On Coliseum Blvd. In Fort Wayne, IN
SOLD
$12,000,000
Indiana
See Similar DealsRetail27,000 SF
Sold 03/03/2021
SOLD
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
See Similar DealsRetail27,000 SF
Sold 03/03/2021
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$444
Total Square Footage:27,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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