Answers In Genesis Acquires Retail Property In Erlanger, KY For $31.3M
25 Atlantic Avenue
$31,300,000
$152/SF
Building Size
205,000 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
Answers in Genesis has acquired a retail property located at 25 Atlantic Ave in Erlanger, KY. The property spans a total area of 205,000 square feet and was sold for a price of $31,300,000, resulting in a price per square foot of $153.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,300,000
- Address: 25 Atlantic Ave, Erlanger, KY
- Market: Erlanger, KY
- Buyer: Answers in Genesis
- Brokers: Matt Waggoner & Josh Gerth - JLL
- Square Footage: 205,000
- Price per Square Foot: $153
The deal was facilitated by Matt Waggoner and Josh Gerth from JLL, who represented Answers in Genesis as the buyer in the transaction.
Players
Erlanger Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit JLL to view all their deals.
Browse Erlanger retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93