Medical Office In Akron, Ohio Sells For $8M With Brokers Ben Whitney & Greg Trainor - Fairfield Advisors
444 North Main Street, Akron, Ohio, USA
$8,000,000
$301/SF
Building Size
26,500 SF
Asset Type
Office
Closing
Nov 1, 2021
About this deal
AI
A medical office building located at 444 North Main Street in Akron, Ohio has been sold. The property encompasses approximately 26,500 square feet and was sold for a total price of $8,000,000. The transaction took place on November 1, 2021. The sale price equates to a price per square foot of $302.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,000,000
- Address: 444 North Main Street, Akron, Ohio
- Market: Akron, Ohio
- BROKERS: Ben Whitney & Greg Trainor - Fairfield Advisors
The sale was facilitated by Ben Whitney and Greg Trainor of Fairfield Advisors. They represented the parties involved in the transaction.
Players
Akron 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93