Steve Barton Acquires Retail Property At 905 Washington Ave Chestertown For $2,300,000
905 Washington Ave
$2,300,000
$178/SF
Building Size
12,900 SF
Asset Type
Retail
Closing
May 16, 2011
About this deal
AI
The property asset involved in this transaction is a retail space located at 905 Washington Ave in the Chestertown market. The total square footage of the retail space is 12,900 square feet, and the sale price was $2,300,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000.00
- Address: 905 Washington Ave
- Market: Chestertown
- Asset Size: 12,900 SF
- Buyer: Steve Barton
- Seller: Jesse Parks
- Brokers: Arthur Porosoff, Dean Zang (Institutional Property Advisors), Mark Taylor (Marcus & Millichap)
This transaction involved key individuals including the buyer, Steve Barton, and the seller, Jesse Parks. The brokers representing the parties in this deal were Arthur Porosoff and Dean Zang from Institutional Property Advisors, along with Mark Taylor from Marcus & Millichap.
On the Map
$2,300,000
$178/SF
Retail
View full map
Players
Chestertown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Dean Zang to view all their deals.
Browse Chestertown retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93