Updated Dec 4, 2024
Smithers Group Acquires Commercial Properties In Massillon, OH For $1.88M
1835 Harsh Avenue Southeast & 1845 Harsh Avenue Southeast
$1,880,000
Building Size
—
Asset Type
Commercial
Closing
Oct 27, 2023
About this deal
AI
The commercial properties located at 1835 Harsh Avenue Southeast and 1845 Harsh Avenue Southeast in Massillon, OH have been sold. The properties were previously owned by Standards Testing Laboratories Inc. (STL) and have now been acquired by Michael Hochschwender and his company, Smithers Group, for a total sale price of $1,880,000.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,880,000
- Buyer: Michael Hochschwender - Smithers Group
- Seller: Darell Fuller - Standards Testing Laboratories Inc.
- Market: Massillon, OH
Michael Hochschwender, representing Smithers Group, has successfully completed the acquisition of the commercial properties in Massillon. Darell Fuller, acting on behalf of Standards Testing Laboratories Inc., was the seller in this transaction. The deal signifies the transfer of ownership of these properties, previously owned by STL, to Smithers Group for a significant amount of $1.88 million.
Players
Massillon Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.44%
Cash-on-Cash
-2.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93