SCG Retail Acquires Retail Property In Syracuse For $6.75M
7785 Frontage Road
$6,750,000
$40/SF
Building Size
165,225 SF
Asset Type
Retail
Closing
Jul 5, 2022
About this deal
AI
The retail property located at 7785 Frontage Rd. in Syracuse has been sold. The property spans a total of 163,625 square feet and was sold for a price of $6,750,000, resulting in a price per square foot of $41.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Square Footage: 163,625
- Address: 7785 Frontage Rd.
- Market: Syracuse
SCG Retail acquired the property in this transaction. The deal was facilitated by brokers Michael Cleeman and Sam Seelenfreund from Cleeman Realty Group.
On the Map
$6,750,000
$40/SF
Retail
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Players
Cicero 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93