Douglas Macdonald Acquires Retail Property In Monroe County For $18.6M
980 Ridge Road
$18,593,750
$120/SF
Building Size
154,991 SF
Asset Type
Retail
Closing
Oct 28, 2022
About this deal
AI
The retail property located at 980 Ridge Road in Monroe County has been sold in a closed transaction. The property spans 154,991 square feet and was sold for a total price of $18,593,750, resulting in a price per square foot of $120.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,593,750
- Square Footage: 154,991
- Address: 980 Ridge Road, Monroe County
The buyer of the property is Douglas Macdonald, while the seller is Alan Gindi. The transaction was facilitated by Jeremy Black, Bob Horvath, and Todd Tremblay from Horvath & Tremblay.
Players
Webster 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93