Legacy Realty Group Advisors Facilitates $5.2M Sale Of Retail Asset In Massillon
1413 Amherst Road Northeast
$5,200,000
$35/SF
Building Size
146,880 SF
Asset Type
Retail
Closing
Jun 18, 2024
AI
The $5.2 million sale of Amherst Shopping Center in Massillon has been successfully facilitated. This retail hub, located at 1413 Amherst Road Northeast, spans 146,880 square feet. The property is home to anchor tenants Marc’s and Dollar General, making it a significant retail destination in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 1413 Amherst Road Northeast
- Market: Massillon, OH
- Square Footage: 146,880
- Price per Square Foot: $35
- Brokers: Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors
Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors played a dual role in this transaction, representing both the buyer and the seller. Their expertise and negotiation skills were instrumental in closing the deal for the Amherst Shopping Center in Massillon.
Players
Massillon 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93