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3075 Loyalty Cir

Cantor Real Estate Acquires Office In Columbus From Gergetown Company For $46.6M
SOLDOffice

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

Yisroel Pershin

GFI Realty Services

Broker

$230M

vol

13 deals

Broker
CE
Cantor Real EstateBuyer
GC
Gergetown CompanySeller

Columbus 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93