NETSTREIT Acquires Retail Property On Niagara St. In Buffalo For $12.7M
150 Niagara Street
$12,677,000
$189/SF
Building Size
67,041 SF
Asset Type
Retail
Closing
Jun 13, 2022
AI
The retail property located at 150 Niagara St. in Buffalo has been sold in a transaction facilitated by Sam Seelenfreund from Cleeman Realty Group. The property was purchased by NETSTREIT from SCG Retail. The sale price for this transaction was $12,677,000, with a total area of 67,041 square feet. The price per square foot for this sale was $189.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,677,000
The key individuals and companies involved in this transaction are as follows:
- Buyer: NETSTREIT
- Seller: SCG Retail
- Broker: Sam Seelenfreund - Cleeman Realty Group
Players
Collingwood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93