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3009 W Market St, Fairlawn,...

Marcus & Millichap Brokers Sell Retail Property In Fairlawn, Ohio For $7.8M
SOLDRetail

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

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.

Players

Craig Fuller

Broker

$174.9M

vol

18 deals

Broker

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