facebook

traded

+ Submit
Home

/

Deals

/

Ohio

/

Retail

/

Sale

/

100 Mall Dr, Steubenville, ...

The Wang Family Acquires Retail Property In Ohio For $13.5M With Heshie Goldfein - Goldcap Real Estate Advisors
SOLDRetail

The Wang Family Acquires Retail Property In Ohio For $13.5M With Heshie Goldfein - Goldcap Real Estate Advisors

100 Mall Dr, 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 Dr. in Ohio was recently sold in a closed transaction. The sale, facilitated by broker Heshie Goldfein of Goldcap Real Estate Advisors, had a sale price of $13,500,000. The property spans 209,621 square feet and is classified as a retail asset. The transaction took place on September 27, 2021, and the buyer of the property was identified as The Wang Family. The deal was executed off-market, catering to a 1031 exchange buyer.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $13,500,000
  • Square Footage: 209,621
  • Address: 100 Mall Dr., Ohio
  • Market: Ohio

Heshie Goldfein of Goldcap Real Estate Advisors represented the buyer, The Wang Family, in this transaction. The buyer utilized a 1031 exchange for this purchase. For further information regarding similar net lease properties for 1031 exchanges or buying/selling purposes, interested parties can contact [email protected] or visit the website www.goldcapre.com. Goldcap Real Estate Advisors frequently offers new inventory both on and off the market.

Players

Heshie Goldfein

Broker

$27M

vol

3 deals

Broker

Steubenville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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