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1950 Wales Rd

Bryan Grosman Acquires Retail Property In Massillon For $4,812,000 From Evander Jones
SOLDRetail

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:

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

Mark Taylor

Marcus & Millichap

Broker

$122.4M

vol

4 deals

Broker

Bryan Grosman

Buyer
Buyer

Evander Jones

Seller
Seller

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