Transit Hill Plaza Sold For $2M In Depew Retail Deal

6348 Transit Road Depew, New York 14043, USA

$2,000,000

$95/SF

Building Size

21,000 SF

Asset Type

Retail

Closing

Jul 11, 2023

AI

Transit Hill Plaza, located at 6348 Transit Road in Depew, has been sold for $2 million. The retail property spans 21,000 square feet with a price per square foot of $95.

Summary of transation details

Property Type: Retail
Transaction Amount: $2,000,000
Square Footage: 21,000
Price Per Square Foot: $95
Market: Depew

The property was sold by NMF Rentals to a Williamsville LLC managed by Harpreet Singh.

Players

Depew 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93