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
Groveport 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
4.87%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93