Aligned Data Centers Acquires Development Site In Sandusky, OH For $52M
2509 Hayes Ave
$52,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 2, 2023
AI
Aligned Data Centers, represented by Andrew Shaap, has acquired a 129-acre development site located at 2509 Hayes Ave in Sandusky, Ohio. The property was sold for a total of $52 million by the partnership of Avgeris & Associates and Franklin Partners.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $52,000,000
- Address: 2509 Hayes Ave, Sandusky, OH
- Market: Sandusky, OH
- Buyer: Andrew Shaap - Aligned Data Centers
- Seller: James P. Avgeris - Avgeris & Associates & Franklin Partners
This significant transaction involved the acquisition of the 129-acre development site in Sandusky, Ohio. The buyer, Aligned Data Centers, was represented by Andrew Shaap, while the seller was James P. Avgeris, who acted on behalf of Avgeris & Associates and Franklin Partners. The deal was finalized for a sale price of $52 million, making it a notable transaction in the real estate market.
Players
Sandusky Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93