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
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