SCG Retail Acquires Retail Property In Syracuse For $3.55M
5640 New York Highway 12
$3,550,000
$25/SF
Building Size
141,402 SF
Asset Type
Retail
Closing
Jul 22, 2022
About this deal
AI
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.
On the Map
$3,550,000
$25/SF
Retail
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Players
Norwich 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93