McCormack Development & Jackson Investment Group Sell Retail Property In Fort Wayne For $2.4M
7230 South Anthony Boulevard, Fort Wayne, IN 46816, USA
$2,400,000
$120/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Oct 13, 2021
AI
McCormack Development & Jackson Investment Group have sold a retail property located at 7528 S. Anthony Blvd in Fort Wayne, IN. The property spans approximately 20,000 square feet and was sold for $2,400,000, resulting in a price per square foot of $120.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 7528 S. Anthony Blvd, Fort Wayne, IN
- Market: Fort Wayne, IN
Dylan Mallory from Hanley Investment Group Real Estate Advisors served as the broker for this transaction.
Players
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93