NETSTREIT Acquires Retail Property On Niagara St. In Buffalo For $12.7M
SOLD
$12,677,000
New York
See Similar DealsRetail67,041 SF
Sold 06/13/2022
SOLD
NETSTREIT Acquires Retail Property On Niagara St. In Buffalo For $12.7M
150 Niagara Street
See Similar DealsRetail67,041 SF
Sold 06/13/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$189
Total Square Footage:67,041 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$676,106.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,038.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,095.45
Annual Debt Service$721,145.37
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