Sammarsa Canton Properties LLC Acquires Retail Property In Canton, Ohio For $6.4M
2859 Whipple Avenue Northwest Canton, Ohio 44708, USA
$6,400,000
Building Size
—
Asset Type
Retail
Closing
May 20, 2023
About this deal
AI
Sammarsa Canton Properties LLC, based in Mason, Ohio, has purchased a shopping plaza and a parking lot in Jackson Township for $6.4 million. The transaction included an 8.5-acre property located at 2859 Whipple Avenue Northwest and a separate parcel on Hills and Dales Road NW. The retail property is situated in Canton, Ohio and spans 8.5 acres.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 2859 Whipple Avenue Northwest
- Market: Canton, Ohio
- Acres: 8.5
Zest Development LLC served as the seller in the transaction, while the buyer, Sammarsa Canton Properties LLC, was represented by their broker.
Players
Canton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93