Marcus & Millichap Facilitates $8.9M Sale Of 48.3K SF Retail Property In Auburn Hills
4131 Baldwin Road
$8,900,000
$184/SF
Building Size
48,364 SF
Asset Type
Retail
Closing
Apr 5, 2024
About this deal
AI
The retail strip center located at 4131 Baldwin Road in Auburn Hills was recently sold for $8.9 million. Spanning 48,364 square feet, the property known as Shops at the Crossing boasts a diverse tenant mix of local, regional, and national businesses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,900,000
- Size: 48,364 square feet
- Address: 4131 Baldwin Road, Auburn Hills, MI
- Market: Auburn Hills, MI
The sale of Shops at the Crossing was facilitated by Craig Fuller, Erin Patton, Jared Shapiro, Scott Wiles, and Steve Chaben of Marcus & Millichap. They successfully closed the deal for the retail strip center, which was constructed in 2002, showcasing their expertise in handling commercial real estate transactions.
Players
Auburn Hills 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93