Walmart Acquires Retail Property In Newark For $9.2M
6788 NY-31, Newark, NY 14513, USA
$9,200,000
$55/SF
Building Size
165,499 SF
Asset Type
Retail
Closing
May 14, 2020
About this deal
AI
A retail property located at 6788 NY-31 East in Newark, Rochester has been sold for $9,200,000. The property spans 165,499 square feet and has been acquired at a price of $55 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,200,000
- Square Footage: 165,499
- Price per Square Foot: $55
- Address: 6788 NY-31 East
- Market: Newark, Rochester
The tenant of the retail property is Walmart. The deal was facilitated by brokers Jeffrey Dunne, David Gavin, Jeremy Neuer, and Travis Langer of CBRE.
Players
Newark 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93