SCG Retail Acquires Retail Property In Syracuse For $3.55M
SOLD
$3,550,000
New York
See Similar DealsRetail141,402 SF
Sold 07/22/2022
SOLD
SCG Retail Acquires Retail Property In Syracuse For $3.55M
5640 New York Highway 12
See Similar DealsRetail141,402 SF
Sold 07/22/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:141,402 SF
Transaction Type:Sale
A retail property located at 5640 NY-12 in Syracuse has been sold for $3,550,000. The property spans 141,402 square feet, resulting in a price per square foot of $25. The transaction took place on July 22, 2022. The buyer, SCG Retail, acquired the property from the seller, Andres Fernandez.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,550,000
- Address: 5640 NY-12
- Market: Syracuse
- Buyer: SCG Retail
- Seller: Andres Fernandez
- Brokers: Jeremy Scheer & Sam Seelenfreund - Cleeman Realty Group
Jeremy Scheer and Sam Seelenfreund from Cleeman Realty Group represented both the buyer, SCG Retail, and the seller, Andres Fernandez, in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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