Orton Development Acquires Retail Property In Dublin, Ohio For $35M
1995 Perimeter Loop Road, Dublin, OH 43017, United States
$35,000,000
$250/SF
Building Size
139,486 SF
Asset Type
Retail
Closing
Sep 27, 2022
About this deal
AI
J.R. “Eddie” Orton III and David Lukes have closed a retail property transaction in Dublin, Ohio. The property, located at 1995-6644 Perimeter Loop Road, was sold for $35,000,000. The sale involved a total square footage of 139,486, resulting in a price per square foot of $251. Mutual of Omaha acted as the lender for this transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $35,000,000
- Buyer: Orton Development - J.R. “Eddie” Orton III
- Seller: SITE Centers - David Lukes
- Buyer's Representative: Hanley Investment Group Real Estate Advisors & ParaSell Inc
- Seller's Representative: JLL
J.R. “Eddie” Orton III represented the buyer, Orton Development, while David Lukes represented the seller, SITE Centers. Hanley Investment Group Real Estate Advisors and ParaSell Inc served as the buyer's representatives, while JLL acted as the seller's representative in this closed transaction.
On the Map
$35,000,000
$250/SF
Retail
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Players
Dublin 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93