Skyline Property Group Acquires Retail Property In Liberty Township, Ohio & Kansas City, MO With Walgreens & Michaels As Tenants
6330 Cincinnati-Dayton Road & 8551 Northwest Prairie View Road
$10,480,000
$130/SF
Building Size
80,600 SF
Asset Type
Retail
Closing
Oct 13, 2023
AI
The property involved in this transaction is a retail asset located at 6330 Cincinnati Dayton Road in Liberty Township, Ohio, and 8551 NW Prairie Road in Kansas City, MO. The property spans a total square footage of 40,300 and was sold for $10,480,000. The asset is home to tenants Walgreens and Michaels.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $10,480,000
- Square Footage: 40,300
- Address: 6330 Cincinnati Dayton Road & 8551 NW Prairie Road
- Market: Liberty Township, Ohio & Kansas City, MO
- Tenant(s): Walgreens & Michaels
Alexander Ghatan from Skyline Property Group acted as the buyer's representative for this transaction. Their expertise and negotiation skills played a role in the successful completion of the deal.
Players
Liberty Township 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93