Skyline Property Group Acquires Retail Property In Liberty Township, Ohio & Kansas City, MO With Walgreens & Michaels As Tenants
SOLD
$10,480,000
Retail80,600 SF
Sold 10/13/2023
SOLD
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
See Similar DealsRetail80,600 SF
Sold 10/13/2023
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$130
Total Square Footage:80,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$558,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,233.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,680.55
Annual Debt Service$596,166.56
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