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Legacy Realty Group Advisors Facilitates $4.6M Sale Of Lenox Square Shopping Center

Property Image
SOLD
$4,600,000
Jonah Warshaw
Jacob Baruch

Michigan

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Retail95,722 SF
Sold 05/22/2024
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Property Image
SOLD

Legacy Realty Group Advisors Facilitates $4.6M Sale Of Lenox Square Shopping Center

Retail95,722 SF
Sold 05/22/2024
Jonah Warshaw
Jacob Baruch
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$48
Total Square Footage:95,722 SF
Transaction Type:Sale

The Lenox Square Shopping Center in Richmond, Michigan, was sold for $4.6 million. The retail property spans 95,722 square feet and was the subject of the transaction facilitated by Legacy Realty Group Advisors. The anchor tenant at the shopping center is Family Farm and Home.

Summary of transaction details:

Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors served as the representatives for both the buyer and seller in the $4.6 million transaction involving the Lenox Square Shopping Center. The deal underscores the pivotal role played by these professionals in bringing the transaction to fruition.

Players

Jacob Baruch
Legacy Realty Group Advisors
Jacob Baruch
39 deals$551.8M volume
BROKER
Jonah Warshaw
Legacy Realty Group Advisors
Jonah Warshaw
20 deals$192.1M volume
BROKER

Details

SOLD
IMAGE: 05/22/2024 ADDRESS: Lenox Square Shopping Center MARKET: Richmond, Michigan ASSET TYPE: Retail BROKERS: Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors SALE PRICE: $4,600,000 SF: 95,722 ~ PPSF: $48 NOTE: Legacy Realty Group Advisors facilitated the $4.6 million sale of Lenox Square Shopping Center, a 95,722-square-foot property in Richmond, with Family Farm and Home as the anchor tenant. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,342.84
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