SOLD
Ohio-based Private Investor Acquires Madison Retail Center For $3M
6581 North Ridge Road
Retail
72,048 SF
72,048 SF
Sold 24 days ago
Summary
Sale
OHIO
Retail
72,048 sqft
The retail center located at 6581 North Ridge Road in Madison, Ohio, with a total square footage of 72,048, was recently sold for $3,000,000. The property is anchored by Tractor Supply Co. and Bealls, making it a significant retail asset in the area.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Market: Madison, Ohio
- Square Footage: 72,048
- Price per Square Foot: $42
- Brokers: Craig Fuller, Erin Patton & Scott Wiles - Marcus & Millichap
Marcus & Millichap played a key role in facilitating the transaction, representing the Florida-based seller. They successfully secured a buyer, an Ohio-based private investor, who obtained acquisition financing from a life insurance company at a 70 percent loan-to-value ratio.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: 04/12/2024
ADDRESS: 6581 North Ridge Road
MARKET: Madison, Ohio
ASSET TYPE: Retail
BROKERS: Craig Fuller, Erin Patton & Scott Wiles - Marcus & Millichap
SALE PRICE: $3,000,000
SF: 72,048 ~ PPSF: $42
NOTE: Marcus & Millichap facilitated the $3 million sale of a 72,048-square-foot retail center in Madison, Ohio, anchored by Tractor Supply Co. and Bealls. Scott Wiles, Erin Patton, and Craig Fuller represented the Florida-based seller and also secured the buyer, an Ohio-based private investor, who obtained acquisition financing from a life insurance company at a 70 percent loan-to-value ratio.View on map
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Address6581 North Ridge Road
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