FCA Sells 2021 Nottingham Way Hamilton Town For $5.5 Million With Jonathan Zamora And Karly Iacono
2021 Nottingham Way, Hamilton Town...
$5,500,000
$385/SF
Building Size
14,280 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
A single-tenant retail property located at 2021 Nottingham Way in Hamilton, Cincinnati, has been sold for $5,500,000. The property encompasses a total area of 14,280 square feet and is occupied by Walgreens on a net-leased basis.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000.00
- Buyer: FCA
- Seller: FCA
- Buyer’s Representatives: Jonathan Zamora, Marcus & Millichap; Karly Iacono, CBRE
- Seller’s Representative: Karly Iacono, Marcus & Millichap
This transaction involved a private developer selling the retail property to a private investor, showcasing the collaborative efforts of the representatives from Marcus & Millichap and CBRE in facilitating the deal.
Players
Cincinnati 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93