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315 Meadow Drive

SCG Retail Acquires Retail Property In North Tonawanda For $20.75M
SOLDRetail

SCG Retail Acquires Retail Property In North Tonawanda For $20.75M

315 Meadow Drive

$20,750,000

$98/SF

Building Size

210,081 SF

Asset Type

Retail

Closing

Aug 18, 2023

AI

A retail property located at 315 Meadow Drive in North Tonawanda has been sold for a price of $20,750,000. The property spans across 210,081 square feet, resulting in a price per square foot of $99.

Summary of transaction details

Michael Cleeman and Samuel Seelenfreund, representing Cleeman Realty Group, facilitated the sale of the property on behalf of SCG Retail. They played a crucial role in the transaction, ensuring a successful deal between the buyer and seller.

Players

Michael Cleeman

Cleeman Realty Group

Broker

$185.6M

vol

19 deals

Broker
SR
SCG RetailBuyer

North Tonawanda 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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93