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
About this deal
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.
On the Map
$17,700,000
$141/SF
Retail
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Players
Grove City 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93