Cantor Real Estate Acquires Office In Columbus From Gergetown Company For $46.6M
SOLD
$46,600,000
Office242,064 SF
Sold 08/10/2018
SOLD
Cantor Real Estate Acquires Office In Columbus From Gergetown Company For $46.6M
3075 Loyalty Cir
See Similar DealsOffice242,064 SF
Sold 08/10/2018
Summary
OHIO
Asset Type:Office
Price Per Square Foot:$192
Total Square Footage:242,064 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 3075 Loyalty Cir in the Columbus market. The property was sold for a transaction amount of $46,600,000.00 and encompasses a total square footage of 242,064.0 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $46,600,000.00
- Address: 3075 Loyalty Cir
- Market: Columbus
- Square Footage: 242,064.0
- Buyer: Cantor Real Estate
- Seller: Gergetown Company
- Broker Representatives: Yisroel Pershin, Sash Berg
The transaction involved key players including the buyer, Cantor Real Estate, and the seller, Gergetown Company. The deal was facilitated by the brokerage representatives Yisroel Pershin and Sash Berg, who played significant roles in the negotiation process and transaction execution.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,485,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$165,559.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$220,907.77
Annual Debt Service$2,650,893.29
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