Stan Johnson Co Sells Retail Property In Georgetown, KY For $15M
1002 Lexington Road, Georgetown, Kentucky 40324, United States
$15,000,000
$122/SF
Building Size
122,554 SF
Asset Type
Retail
Closing
Aug 25, 2022
About this deal
AI
The retail property located at 1002 Lexington Road in Georgetown, KY has been sold in a recent transaction. The property spans across 13.9 acres and was represented by Ryan Roedersheimer from Stan Johnson Co. The sale price for this property was $15,000,000, with a total square footage of 122,554. The price per square foot (PPSF) was $122.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 1002 Lexington Road, Georgetown, KY
- Market: Georgetown, KY
- Acres: 13.9
Ryan Roedersheimer from Stan Johnson Co played a crucial role in representing the property in this transaction.
Players
Georgetown 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93