Cooper Group Acquires Office Building In New Philadelphia, OH For $5.6M
1260 Monroe Street Northwest, New Philadelphia, Ohio 44663, United States
$5,600,000
$71/SF
Building Size
78,743 SF
Asset Type
Office
Closing
Sep 5, 2022
About this deal
AI
An office property located at 1260 Monroe St NW in New Philadelphia, OH has been sold at a price of $5,600,000. The property spans across 78,743 square feet and was sold at a rate of approximately $71 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,600,000
- SF: 78,743
- PPSF: $71
- Address: 1260 Monroe St NW, New Philadelphia, OH
- Market: New Philadelphia, OH
The deal was facilitated by Bob Havasi & Dan Cooper of the Cooper Group, who represented the parties involved in the transaction.
On the Map
$5,600,000
$71/SF
Office
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Players
New Philadelphia Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93