Bryan Grosman Acquires Retail Property In Massillon For $4,812,000 From Evander Jones
1950 Wales Rd
$4,812,000
$332/SF
Building Size
14,490 SF
Asset Type
Retail
Closing
May 23, 2013
AI
The asset involved in this transaction is a retail property situated at 1950 Wales Rd, Massillon. The property encompasses a total square footage of 14,490 and was sold for a transaction amount of $4,812,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,812,000.00
- Address: 1950 Wales Rd
- Market: Massillon
- Square Footage: 14,490
- Buyer: Bryan Grosman
- Seller: Evander Jones
- Brokers: Arthur Porosoff, Mark Taylor (Marcus & Millichap)
The key individuals in this transaction include the buyer, Bryan Grosman, who acquired the property, and the seller, Evander Jones, who was responsible for the sale. The representation in this deal was provided by brokers Arthur Porosoff and Mark Taylor from Marcus & Millichap, facilitating the transaction between the involved parties.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93