The Wang Family Acquires Retail Property In Steubenville, OH For $13.5M
100 Mall Drive, Steubenville, Ohio, USA
$13,500,000
$64/SF
Building Size
209,621 SF
Asset Type
Retail
Closing
Sep 27, 2021
AI
The retail property located at 100 Mall Drive in Steubenville, OH has been sold in a recent transaction. The sale was finalized on 09/27/2021. The property, measuring 209,621 square feet, was purchased by The Wang Family for a total sale price of $13,500,000. The price per square foot (PPSF) for this transaction was $64.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,500,000
- Address: 100 Mall Drive, Steubenville, OH
- Market: Steubenville, OH
- Square Footage: 209,621
The seller of the property was Bluejay Management, represented by Marc Jacobowitz and Yerachmeal Jacobson. On the buyer's side, The Wang Family acquired the property. The sale transaction was facilitated by brokers Joe Kim from KW Commercial and Heshie Goldfein from Goldcap Real Estate Advisors.
Players
Steubenville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93