facebook
Traded Co logo
Submit

Agree Stores LLC Acquires Property From Syracuse Grocery ST LLC For $7.9M In Syracuse

Property Image
SOLD
$7,900,000

New York

See Similar Deals
Retail36,360 SF
the dealplayerscompscontact
Property Image
SOLD

Agree Stores LLC Acquires Property From Syracuse Grocery ST LLC For $7.9M In Syracuse

1625 Erie BLVD E, Syracuse, NY, 13210

See Similar Deals
Retail36,360 SF
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$217
Total Square Footage:36,360 SF
Transaction Type:Sale

A grocery store located at 1625 Erie Blvd E, Syracuse, NY, was sold for $7,900,000.00. The property spans 36,360 square feet and was fully leased to New Jersey-based grocer PriceRite at the time of the transaction. The market for this sale is Syracuse.

Summary of transaction details:

  • Property Type: Grocery Store
  • Transaction Amount: $7,900,000.00
  • Address: 1625 Erie BLVD E, Syracuse, NY, 13210
  • Square Footage: 36,360
  • Buyer: Agree Stores LLC
  • Seller: Syracuse Grocery ST LLC
  • Buyer's Representative: El Warner - Colliers International
  • Seller's Representative: El Warner - Colliers International

El Warner of Colliers International represented both the buyer, Agree Stores LLC, and the seller, Syracuse Grocery ST LLC, during this transaction. This highlights the involvement of the brokerage in facilitating the deal.

Players

El Warner
Colliers
El Warner
7 deals$196.1M volume
BROKER
AL
Agree Stores, LLC
BUYER

Details

SOLD
IMAGE: 1625 Erie BLVD E, Syracuse, NY, 13210 MARKET: Syracuse BUYER'S REP: El Warner -Colliers International BUYER: Agree Stores LLC SELLER: Syracuse Grocery ST LLC PRICE: $7,900,000.00 SF: 36360

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$421,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36