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Sara Investment Real Estate Acquires Mixed-Use Property In Cincinnati For $8.15M With Lender Colliers Mortgage
SOLD
$8,150,000
Mixed-use48,000 SF
Sold 08/13/2025
SOLD
Sara Investment Real Estate Acquires Mixed-Use Property In Cincinnati For $8.15M With Lender Colliers Mortgage
126 East Sixth Street
See Similar DealsMixed-use48,000 SF
Sold 08/13/2025
Summary
OHIO
Asset Type:Mixed-use
Price Per Square Foot:$169
Total Square Footage:48,000 SF
Transaction Type:Sale
The mixed-use asset involved in this transaction is located at 126 East Sixth Street in Cincinnati, OH. The property comprises a total of 48,000 square feet and was sold for a price of $8,150,000, resulting in a price per square foot of $170.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,150,000
- Buyer: SARA Investment Real Estate
- Seller: Tom Neyer Jr. - Neyer Holdings Corp
- Lender: Colliers Mortgage
- Loan Amount: $6,100,000
This acquisition marks SARA Investment Real Estate's first purchase in the states of Ohio, Indiana, or Kentucky, demonstrating a strategic expansion into new markets. The prior ownership of the Reakirt Building was held by Drea 6 - Exchange LLC.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$434,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,955.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,635.16
Annual Debt Service$463,621.90
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