Marcus & Millichap Brokers Sell Retail Property In Fairlawn, Ohio For $7.8M
3009 W Market St, Fairlawn, Ohio, USA
$7,800,000
$526/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
Located at 3009 W. Market St. in Fairlawn, Ohio, this retail property has been sold in a recent transaction. The property spans a total of 14,820 square feet and was sold for a price of $7,800,000, resulting in a price per square foot of $526.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $7,800,000
- Square Footage: 14,820
- Price per Square Foot: $526
The sale of this retail property at 3009 W. Market St. in Fairlawn, Ohio was facilitated by brokers Dustin Javitch, Craig Fuller, Erin Patton, and Scott Wiles, who are associated with Marcus & Millichap.
On the Map
$7,800,000
$526/SF
Retail
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Players
Fairlawn 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93