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94 North Woodhull Road

Updated Dec 4, 2024

Kemperle Family Acquires Office Property In Huntington For $2.86M
SOLDOffice

Kemperle Family Acquires Office Property In Huntington For $2.86M

94 North Woodhull Road

$2,860,000

$247/SF

Building Size

11,577 SF

Asset Type

Office

Closing

Nov 8, 2023

About this deal

AI

The office property located at 94 North Woodhull Road in Huntington has been sold for a total price of $2,860,000. The property spans a total area of 11,577 square feet, resulting in a price per square foot of $247. The transaction took place on November 8, 2023, and involved the following parties:

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,860,000
  • Address: 94 North Woodhull Road, Huntington
  • Market: Huntington
  • Buyer: Kemperle Family
  • Seller: Anthony Cutrone & Conor Lynch
  • Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, & Kevin Louie - Ripco

The buyer in this transaction was the Kemperle Family, while the sellers were Anthony Cutrone and Conor Lynch. Representing the parties involved in the deal were brokers Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

131 deals

Broker

Kemperle Family

Buyer

$2.9M

vol

1 deal

Buyer

Anthony Cutrone

Seller

$2.9M

vol

1 deal

Seller

Huntington Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $247 per square foot on a published $2.9M for 11,577 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.55%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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