Marcus & Millichap Facilitates $1.4M Sale Of Domino's Net-Leased Restaurant In Grand Rapids
6539 28th Street Southeast
$1,400,000
$571/SF
Building Size
2,450 SF
Asset Type
Retail
Closing
Dec 13, 2023
About this deal
AI
A 2,450-square-foot Domino's net-leased restaurant property in Grand Rapids, located at 6539 28th St., has been sold for $1.4 million. The transaction was orchestrated by Marcus & Millichap following a significant renovation.
Summary of transation details
John Nuzman of Marcus & Millichap represented the buyer and seller in this transaction.
The retail sale at 6539 28th Street Southeast in Grand Rapids, Michigan sold for $1.4M in 2023. The building is 2,450 square feet, implying about 571 per square foot on the published price. John Nuzman, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Grand Rapids, Michigan file for the 6539 28th Street Southeast retail sold: pricing, party profiles, and other closed retail comps from the same Grand Rapids sit in the Market section below. Filter that Grand Rapids retail set by closing date to see what else sold near 6539 28th Street Southeast around 2023. Published consideration for 6539 28th Street Southeast is $1.4M, dated 2023. Cite this Marcus & Millichap Facilitates $1.4M Sale Of Domino's Net-Leased Restaurant In Grand Rapids sale when underwriting similar retail product around Grand Rapids, Michigan.
Players
Grand Rapids 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93