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
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