Fadi Agour Acquires Retail Property In Topeka For $1.43M
SOLD
$1,428,571
Kansas
See Similar DealsRetail33,541 SF
Sold 02/09/2023
SOLD
Fadi Agour Acquires Retail Property In Topeka For $1.43M
2901 Southeast Fremont Street
See Similar DealsRetail33,541 SF
Sold 02/09/2023
Summary
KANSAS
Asset Type:Retail
Price Per Square Foot:$42
Total Square Footage:33,541 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,190.47
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,075.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,772.16
Annual Debt Service$81,265.86
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