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15031 Us Route 224

Bryan Grosman Acquires Retail Property From Evander Jones In Findlay For $4,810,000
SOLDRetail

Bryan Grosman Acquires Retail Property From Evander Jones In Findlay For $4,810,000

15031 Us Route 224

$4,810,000

$330/SF

Building Size

14,560 SF

Asset Type

Retail

Closing

May 23, 2013

AI

The property asset involved in this transaction is a retail space located at 15031 Us Route 224 in Findlay. It encompasses a total area of 14,560 square feet and was sold for a price of $4,810,000.00.

Summary of transaction details:

This transaction features key individuals including the buyer, Bryan Grosman, and seller, Evander Jones, who played pivotal roles in the deal. The broker representatives, Arthur Porosoff and Paul Kerber, are associated with Marcus & Millichap and facilitated the transaction process.

Players

Paul Kerber

Marcus & Millichap

Broker

$4M

vol

1 deal

Broker

Bryan Grosman

Buyer
Buyer

Evander Jones

Seller
Seller

Findlay 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93