NAI Isaac Represents Buyer And SVN | Stone Commercial Real Estate Represents Seller In $5.8M Lexington Retail Sale
3100 Old Todds Road, Lexington, Kentucky 40509, United States
$5,800,000
$190/SF
Building Size
30,418 SF
Asset Type
Retail
Closing
Dec 12, 2021
About this deal
AI
The property at 3100 Old Todds Rd. in Lexington, KY was recently sold for a price of $5,800,000. This retail asset spans a total of 30,418 square feet, resulting in a price per square foot of $190.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,800,000
- Market: Lexington, KY
The buyer's representatives in this transaction were Jamie Adams and J.L. Cannady from NAI Isaac. On the other hand, Matt Stone and Neal Metcalfe from SVN | Stone Commercial Real Estate represented the seller. These brokers played crucial roles in facilitating the deal of this retail property in Lexington, KY.
Players
Lexington 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93