April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 8 Johns Drive For $1.45M
8 Johns Drive
$1,450,000
$414/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Oct 3, 2024
AI
The property asset involved in this transaction is a retail space located at 8 Johns Drive in Warren. The sale price for this asset was $1,450,000. It encompasses a total area of 3,500 square feet, resulting in a price per square foot of $414.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Square Footage: 3,500 SF
- Price per Square Foot: $414
- Date of Sale: 10/03/2024
- Buyer's Representative: April Blount at Berkshire Hathaway HomeServices
- Market: Warren
- Address: 8 Johns Drive
This transaction prominently featured April Blount as the buyer's representative, operating under Berkshire Hathaway HomeServices. The representation suggests a focused approach in navigating the retail market in Warren, emphasizing professional negotiation and transaction management throughout the sale process.
Warren 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93