Fadi Agour Acquires Retail Property In Topeka For $1.43M
2901 Southeast Fremont Street
$1,428,571
$42/SF
Building Size
33,541 SF
Asset Type
Retail
Closing
Feb 9, 2023
AI
A retail property located at 2901 Southeast Fremont Street in Topeka has been sold in a closed transaction. The property spans 33,541 square feet and was sold for a price of $1,428,571, resulting in a price per square foot of $43. The property was previously owned by SQRL Fuel and was purchased by Fadi Agour.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,428,571
- Address: 2901 Southeast Fremont Street
- Market: Topeka
- Buyer: Fadi Agour
- Seller: SQRL Fuel
The buyer, Fadi Agour, was represented by Sai Thakor from Marcus & Millichap in the transaction.
Players
Market 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
11.10%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93