Madison International Realty & SITE Centers Corp Sell Retail Property For $17.7M In Grove City, Ohio
SOLD
$17,700,000
+ 1
Retail125,250 SF
Sold 11/30/2021
SOLD
Madison International Realty & SITE Centers Corp Sell Retail Property For $17.7M In Grove City, Ohio
2173 Stringtown Rd, Grove City, OH, USA
See Similar DealsRetail125,250 SF
Sold 11/30/2021
+ 1
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$141
Total Square Footage:125,250 SF
Transaction Type:Sale
MADISON INTERNATIONAL REALTY and SITE CENTERS CORP have sold a retail property located at 2173 Stringtown Rd in Grove City, Ohio. The property encompasses 125,250 square feet and was sold for $17,700,000, resulting in a price per square foot of $141.
Summary of transaction details
- Property Type: Retail
- Sale Price: $17,700,000
- Address: 2173 Stringtown Rd, Grove City, Ohio
- Market: Grove City, Ohio
Amy Sands, Clinton Mitchell, Michael Nieder, and Bill Poffenberger from JLL represented the sellers, Madison International Realty and SITE Centers Corp, in the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$943,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,884.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,907.03
Annual Debt Service$1,006,884.36
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