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195 East Main Street

Derrick Hawthorne & Kyle Smith Acquire Harlow On Main In Columbus For $16.5M From Homestead Companies
SOLDMixed-use

Derrick Hawthorne & Kyle Smith Acquire Harlow On Main In Columbus For $16.5M From Homestead Companies

195 East Main Street

$16,500,000

Building Size

Asset Type

Mixed-use

Closing

Jun 30, 2025

AI

The property involved in this transaction is a mixed-use asset located at 195 East Main Street in the Columbus, OH market. The sale was completed on June 30, 2025, for a total amount of $16,500,000. This asset comprises 120 units, resulting in a price per unit of $137,500.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $16,500,000
  • Units: 120
  • Price Per Unit: $137,500
  • Buyer: Derrick Hawthorne & Kyle Smith - Abide Capital & Group MCB Real Estate
  • Seller: Homestead Companies
  • Brokers: George Skaff & Carter Stephens - Newmark

In this particular deal, MCB Real Estate, in joint venture with Abide Capital Group, acquired a Class A mixed-use community known as Harlow on Main. Newmark facilitated the brokerage for this transaction, while WesBanco was involved in providing financing for the deal.

Players

George Skaff

Newmark

Broker

$337.1M

vol

9 deals

Broker
Newmark
NewmarkBrokerage
MCB Real Estate
MCB Real EstateBuyer

Columbus Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93