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2509 Hayes Ave

Aligned Data Centers Acquires Development Site In Sandusky, OH For $52M
SOLDDevelopment Site

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

AC
Aligned Data CentersBuyer
AA
Avgeris & AssociatesSeller

Sandusky Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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