Rick Baer & George Kleier Of American Commercial Realty Corp Acquire Seven Retail Centers In Columbus For $21.3M
1214 South James Road
$21,300,000
$99/SF
Building Size
215,000 SF
Asset Type
Retail
Closing
Apr 1, 2025
About this deal
AI
Seven retail centers located at 1214 South James Road, 1995 East Dublin Granville Road, 4513, 5156, 5091 East Main Street, and 6085 McNaughten Road were sold in the Columbus, OH market for $21.3 million. The total square footage of the retail assets is 215,000, and the price per square foot is $99.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,300,000
- Buyer: Rick Baer & George Kleier
- Buyer's Company: American Commercial Realty Corp.
- Market: Columbus, OH
American Commercial Realty Corp. is based in Florida and intends to lease the remaining vacant spaces within the retail centers. A new tenant, Marx Bagels, is set to open at the McNaughten Road center.
On the Map
$21,300,000
$99/SF
Retail
View full map
Players
Columbus Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Rick Baer to view all their deals.
Browse Columbus retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93