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4131 Baldwin Road

Marcus & Millichap Facilitates $8.9M Sale Of 48.3K SF Retail Property In Auburn Hills
SOLDRetail

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

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

Craig Fuller

Broker

$174.9M

vol

18 deals

Broker

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