facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Ohio

/

Retail

/

Sale

/

5238 Alum Creek Dr, Grovepo...

Marcus & Millichap Brokers Sell Retail Property For $3.26M In Groveport, OH
SOLDRetail

Marcus & Millichap Brokers Sell Retail Property For $3.26M In Groveport, OH

5238 Alum Creek Dr, Groveport, Ohio, USA

$3,258,000

$536/SF

Building Size

6,077 SF

Asset Type

Retail

Closing

Dec 5, 2021

AI

Located in Groveport, OH, the retail property at 5238 Alum Creek Dr has been successfully sold. The transaction took place on 12/05/2021, with a sale price of $3,258,000. The property spans across 6,077 square feet, resulting in a price per square foot of $536. The deal was facilitated by Derrick Dougherty, Steve Garthwaite, and Sean Beuche from Marcus & Millichap.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,258,000
  • Square Footage: 6,077
  • Price per Square Foot: $536
  • Address: 5238 Alum Creek Dr, Groveport, OH

The sales transaction for the retail property involved the collaborative efforts of Derrick Dougherty, Steve Garthwaite, and Sean Beuche who are representatives from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in successfully closing the deal. We congratulate all parties involved for the completion of this transaction.

Players

Sean Beuche

CBRE

Broker

$334.7M

vol

13 deals

Broker

Groveport Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.87%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93