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
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