Stan Johnson Company Brokers $12M Sale Of Retail Property In Toledo
1035 West Alexis Road, Toledo, Ohio 43612, United States
$12,000,000
$84/SF
Building Size
141,610 SF
Asset Type
Retail
Closing
Jan 26, 2022
About this deal
AI
A retail property located at 1035 W. Alexis Road in Toledo, Ohio has been sold for a price of $12,000,000. The property spans approximately 13.3 acres and has a total area of 141,610 square feet. The sale price translates to an average price per square foot of $85.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 1035 W. Alexis Road, Toledo, Ohio
- Market: Toledo, Ohio
- Acres: 13.3
- Square Footage: 141,610
- Price per Square Foot: $85
The sale of this retail property was facilitated by Chad Byerly from the Stan Johnson Company. Chad Byerly served as the broker representing the transaction.
Players
Toledo 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93