Marcus & Millichap Sells Meijer Anchored Shops Retail Property In Maumee, Ohio For $3.3M
1385-89-Conant-Street Maumee, Ohio 43537, USA
$3,325,000
$332/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
May 18, 2023
About this deal
AI
Marcus & Millichap has sold Meijer Anchored Shops, a 10,000-square-foot retail property located at 1385-89 Conant Street in Maumee, Ohio. The property was sold for $3,325,000, resulting in a price per square foot of $333. Its prime location along Conant Street, triple-net leases, and close proximity to national tenants contributed to its market appeal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,325,000
- Square Footage: 10,000
- Price Per Square Foot: $333
- Address: 1385-89 Conant Street, Maumee, Ohio
- Market: Maumee, Ohio
The sale of the Meijer Anchored Shops was facilitated by Mark Ruble, Austin Heath, and Chris Lind from Marcus & Millichap. They represented the buyers and sellers in the transaction.
Players
Maumee 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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93