facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Retail

/

Sale

/

905 Washington Ave

Steve Barton Acquires Retail Property At 905 Washington Ave Chestertown For $2,300,000
SOLDRetail

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

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:

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.

Players

Mark Taylor

Marcus & Millichap

Broker

$122.4M

vol

4 deals

Broker

Steve Barton

Buyer
Buyer

Jesse Parks

Seller
Seller

Chestertown Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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