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100 Mall Drive, Steubenvill...

The Wang Family Acquires Retail Property In Steubenville, OH For $13.5M
SOLDRetail

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

Heshie Goldfein

Broker

$27M

vol

3 deals

Broker
Marc Jacobowitz

Marc Jacobowitz

Bluejay Management

Seller

$181.4M

vol

10 deals

Seller
Bluejay Management
Bluejay ManagementSeller

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