Sara Investment Real Estate Acquires Mixed-Use Property In Cincinnati For $8.15M With Lender Colliers Mortgage

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.