SRS Real Estate Partners Sells Optima Dermatology Medical Property In Macedonia, OH For $10.6M
8183 Golden Link Boulevard
$10,600,000
$683/SF
Building Size
15,500 SF
Asset Type
Retail
Closing
Jun 13, 2023
About this deal
AI
A newly developed medical property in Macedonia, Ohio, occupied by Optima Dermatology, has been sold by SRS Real Estate Partners for $10.6 million. The property, located at 8183 Golden Link Boulevard and spanning 15,500 square feet, is part of The Crossings at Golden Link shopping center. It achieved a cap rate of 6.5 percent.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,600,000
- Address: 8183 Golden Link Boulevard
- Market: Macedonia, Ohio
- Square Footage: 15,500
The sale of the medical property was completed with the involvement of various key individuals and companies. The brokers representing the transaction were Michael Carter and Frank Rogers from SRS Real Estate Partners, along with Greg Guyuron from Anchor Cleveland.
On the Map
$10,600,000
$683/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93