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

Property Image
SOLD
$3,258,000

Ohio

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Retail6,077 SF
Sold 12/05/2021
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Property Image
SOLD

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

5238 Alum Creek Dr, Groveport, Ohio, USA

See Similar Deals
Retail6,077 SF
Sold 12/05/2021
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Summary

OHIO
Asset Type:Retail
Price Per Square Foot:$536
Total Square Footage:6,077 SF
Transaction Type:Sale

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
12 deals$327.6M volume(414) 615-7452
BROKER

Derrick Dougherty
Marcus & Millichap
27 deals$178.4M volume
BROKER

Steve Garthwaite
Marcus & Millichap
1 deal$3.3M volume
BROKER

Details

SOLD
IMAGE: Sean Beuche, Steve Garthwaite & Derrick Dougherty DATE: 12/05/2021 ADDRESS: 5238 Alum Creek Dr MARKET: Groveport, OH ASSET TYPE: Retail BROKERS: Derrick Dougherty, Steve Garthwaite & Sean Beuche - Marcus & Millichap SALE PRICE: $3,258,000 SF: 6,077 ~ PPSF: $536

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,574.99
Cash-on-Cash Return-1.27%
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