Tempus Realty Partners Acquires School In New Albany, Ohio For $42M
8323 Walton Parkway, New Albany, Ohio 43054, United States
$42,000,000
$177,966/SF
Building Size
236 SF
Asset Type
Other
Closing
Oct 11, 2022
About this deal
AI
Tempus Realty Partners, represented by Dan Andrews, has acquired a school property located at 8323 Walton Parkway in New Albany, Ohio. The transaction closed on November 10, 2022, for a sale price of $42,000,000.
Summary of transaction details
- Property Type: School
- Transaction Amount: $42,000,000
- Address: 8323 Walton Parkway, New Albany, Ohio
- Square Footage: 236,070
- Price per Square Foot: $178
- Market: New Albany, Ohio
Tempus Realty Partners, a real estate firm, successfully acquired the school property in New Albany. Dan Andrews, representing Tempus Realty Partners, played a crucial role in the transaction. The deal was finalized at the sale price of $42,000,000 for a school with a total area of 236,070 square feet, resulting in a price per square foot of $178.
New Albany Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93