Christina Grimme Secures $6.3M Acquisition Loan For Office Property On Merchant St. In Springdale, OH
135 Merchant St, Springdale, OH 45246
$6,300,000
$70/SF
Building Size
89,327 SF
Asset Type
Office
Closing
Jan 20, 2022
About this deal
AI
Christina Grimme of Northmarq represented the buyer in the acquisition of an office property located at 135 Merchant St. in Springdale, OH. The property spans 89,327 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,300,000
- Loan Type: Acquisition Loan
- Loan Terms: 25-year term amortizing over 25 years
- Market: Springdale, OH
The acquisition was facilitated by Christina Grimme, a broker from Northmarq. She played a key role in ensuring the success of this transaction.
The office loan at 135 Merchant St, Springdale, OH 45246 in Cincinnati, Ohio financed for $6.3M in 2022. The building is 89,327 square feet, implying about 70 per square foot on the published price. Christina Grimme, NorthMarq appear on the loan alongside NorthMarq. This page is the Cincinnati, Ohio file for the 135 Merchant St, Springdale, OH 45246 office financed: pricing, party profiles, and other closed office comps from the same Cincinnati sit in the Market section below. Filter that Cincinnati office set by closing date to see what else financed near 135 Merchant St, Springdale, OH 45246 around 2022. Published consideration for 135 Merchant St, Springdale, OH 45246 is $6.3M, dated 2022. Cite this Christina Grimme Secures $6.3M Acquisition Loan For Office Property On Merchant St. In Springdale, OH loan when underwriting similar office product around Cincinnati, Ohio.
Players
Cincinnati Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93