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2173 Stringtown Rd, Grove C...

Madison International Realty & SITE Centers Corp Sell Retail Property For $17.7M In Grove City, Ohio
SOLDRetail

Madison International Realty & SITE Centers Corp Sell Retail Property For $17.7M In Grove City, Ohio

2173 Stringtown Rd, Grove City, OH, USA

$17,700,000

$141/SF

Building Size

125,250 SF

Asset Type

Retail

Closing

Nov 30, 2021

AI

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

Amy Sands

JLL

Broker

$549.8M

vol

11 deals

Broker
SITE Centers
SITE CentersSeller

Grove City Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.90%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93