facebook

traded

+ Submit
Home

/

Deals

/

Michigan

/

Retail

/

Sale

/

1520 West Caro Road

Premis Investments Acquires Retail Property In Saginaw, MI For $2.2M
SOLDRetail

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

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

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker

Caro 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93