Sandy Hammonds Acquires Retail Property On Main Street, Huntington For $765,000
280 Main Street
$765,000
$476/SF
Building Size
1,607 SF
Asset Type
Retail
Closing
Jan 25, 2023
AI
280 Main Street, located in the heart of downtown Huntington, has been sold. The property is a 1,607 sq. ft. retail storefront, delivered vacant. The sale price for this asset was $765,000, at a rate of $476 per sq. ft. Situated on heavily trafficked 25A (Main St.), the property benefits from its prime location, less than 2 miles to Huntington Station.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $765,000
- Square Footage: 1,607 sq. ft.
- Address: 280 Main Street, Huntington
The buyer of the property is Sandy Hammonds, and the seller is Yafa Kashanian. Representing the seller in this transaction were Daniel Abbondandolo and Connor Sullivan from Cushman & Wakefield. They successfully facilitated the sale of 280 Main Street, adding value to both parties involved.
Cushman & Wakefield's Team Abbondandolo played a crucial role in this deal, successfully representing the seller. The property's prime location and its vacancy status were key factors driving the transaction, making it an attractive investment opportunity.
Players
Huntington 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
20.74%
Cash-on-Cash
-5.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93