Cantor Real Estate Acquires Office In Columbus From Gergetown Company For $46.6M
3075 Loyalty Cir
$46,600,000
$192/SF
Building Size
242,064 SF
Asset Type
Office
Closing
Aug 10, 2018
AI
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.
Players
Columbus Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93