Updated Aug 31, 2026
Chandra Mandalapu, William Ryan & Aashish Kambhaladinne Acquire Retail Asset For $10.8M In Dayton
24 Summerfield Boulevard
$10,800,000
$139/SF
Building Size
77,500 SF
Asset Type
Retail
Closing
Aug 21, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 24 Summerfield Boulevard in the Dayton market. The property features a size of 77,500 square feet and was sold for a total transaction amount of $10,800,000, resulting in a price per square foot of $139.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,800,000
- Square Footage: 77,500
- Address: 24 Summerfield Boulevard
- Market: Dayton
- Seller: LRM, LLC
- Seller's Representative: Geoffrey Schubert - Lee & Associates
- Buyer: Chandra Mandalapu, William Ryan & Aashish Kambhaladinne
The transaction involved multiple buyers: Chandra Mandalapu, William Ryan, and Aashish Kambhaladinne. The seller was represented by Geoffrey Schubert from Lee & Associates, facilitating the deal on behalf of LRM, LLC.
Players
Dayton 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93