Z.E.A. Capital Realty Holdings Acquires Retail Property In Bedford, OH For $3.3M
23000 Broadway Avenue, Bedford, Ohio 44146, United States
$3,300,000
$64/SF
Building Size
50,957 SF
Asset Type
Retail
Closing
Aug 30, 2022
About this deal
AI
The retail property located at 23000 Broadway Ave in Bedford, OH was recently sold in a closed transaction. The property spans 50,957 square feet and was sold for a price of $3,300,000, resulting in a price per square foot of $65. The sale took place on August 31, 2022, and involved the buyer Z.E.A. Capital Realty Holdings and the seller Tabani Group. The brokerage services for this transaction were provided by Palomar Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Square Footage: 50,957
- Price per Square Foot: $65
- Date of Sale: August 31, 2022
- Buyer: Z.E.A. Capital Realty Holdings
- Seller: Tabani Group
- Broker: Palomar Group
Z.E.A. Capital Realty Holdings emerged as the buyer in this transaction, acquiring the retail property from the Tabani Group. Palomar Group served as the brokerage firm representing both parties involved in the deal. The successful completion of this sale demonstrates the continued activity and investment potential in the Bedford, OH retail market.
Players
Bedford 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93