Teddy Driscoll Of Atlantic Pacific Capital Partners Brokers $6.2M Sale Of North Towne Commons
833 West Alexis Road
$6,200,000
Building Size
—
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
The transaction involved the sale of North Towne Commons, a retail asset located at 833 West Alexis Road in Toledo, OH. The center encompasses a total area of 98,268 square feet and was sold for $6,200,000. It is currently 58% leased and benefits from its proximity to established retailers such as Target and Kroger, which serve as shadow anchors, providing additional traffic and visibility to the center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 833 West Alexis Road
- Market: Toledo, OH
- Leased Percentage: 58%
- Square Footage: 98,268
Teddy Driscoll from Atlantic Pacific Capital Partners represented both the buyer and the seller in this transaction. The notable interest from investors in the property was attributed to its value-add leasing potential and its advantageous location within a trade area consisting of over 295,000 residents.
Players
Toledo 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93