Marcus & Millichap Brokers Sell Retail Property In Fairlawn, Ohio For $7.8M
SOLD
$7,800,000
+ 1
Retail14,820 SF
Sold 11/01/2021
SOLD
Marcus & Millichap Brokers Sell Retail Property In Fairlawn, Ohio For $7.8M
3009 W Market St, Fairlawn, Ohio, USA
See Similar DealsRetail14,820 SF
Sold 11/01/2021
+ 1
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$526
Total Square Footage:14,820 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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