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23000 Broadway Avenue, Bedf...

Updated Oct 28, 2024

Z.E.A. Capital Realty Holdings Acquires Retail Property In Bedford, OH For $3.3M
SOLDRetail

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

TG
Tabani GroupSeller

Bedford Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $64 per square foot on a published $3.3M for 50,957 square feet (2022).

Browse Ohio retail sales on Traded.

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

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