McCormack Development & Jackson Investment Group Sell Retail Property In Fort Wayne For $2.4M
SOLD
$2,400,000
Indiana
See Similar DealsRetail20,000 SF
Sold 10/13/2021
SOLD
McCormack Development & Jackson Investment Group Sell Retail Property In Fort Wayne For $2.4M
7230 South Anthony Boulevard, Fort Wayne, IN 46816, USA
See Similar DealsRetail20,000 SF
Sold 10/13/2021
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:20,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
Is there something missing? Send suggestions