Premis Investments Acquires Retail Property In Saginaw, MI For $2.2M
1520 West Caro Road
$2,200,000
$55/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Aug 1, 2022
About this deal
AI
A retail property located at 1520 W Caro Rd in Saginaw, MI has been sold in a recent transaction. The property spans approximately 40,000 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $55.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 1520 W Caro Rd, Saginaw, MI
- Market: Saginaw, MI
The buyer of the property was Premis Investments, while the seller was Jim Haines. The deal was facilitated by Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors LLC.
Players
Caro 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93