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Miami University Of Ohio Acquires Office Building In Hamilton For $11.2M
SOLD
$11,200,000
Office408,194 SF
Sold 05/28/2024
SOLD
Miami University Of Ohio Acquires Office Building In Hamilton For $11.2M
101 Knightsbridge Drive
See Similar DealsOffice408,194 SF
Sold 05/28/2024
Summary
OHIO
Asset Type:Office
Price Per Square Foot:$27
Total Square Footage:408,194 SF
Transaction Type:Sale
The office building located at 101-103 Knightsbridge Drive in Hamilton, Ohio, spanning 408,194 square feet, was sold for $11.2 million. Miami University of Ohio acquired the property from Vora Technology Park LLC in this transaction.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $11,200,000
- Buyer: Gregory Crawford - Miami University of Ohio
- Seller: Vora Technology Park LLC
- Address: 101-103 Knightsbridge Drive
- Market: Hamilton, Ohio
- Square Footage: 408,194
- Price per Square Foot: $27
Gregory Crawford represented Miami University of Ohio in the acquisition of the office building, while Vora Technology Park LLC served as the seller in the deal.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$597,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57
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