SRS Real Estate Partners Brokers $11.9M Sale Of Airport Square Retail In Toledo
Airport Hwy
$11,900,000
$63/SF
Building Size
187,252 SF
Asset Type
Retail
Closing
Mar 28, 2024
AI
The property involved in this transaction is Airport Square, a 187,252-square-foot shopping center located on Airport Highway in Toledo, Ohio. The sale price for this thriving retail asset was $11,900,000, translating to a price per square foot of $64.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,900,000
- Address: Airport Hwy
- Market: Toledo, OH
- Seller: Frayer Properties
- Brokers: Jack Cornell, Matthew Mousavi, Patrick Luther - SRS Real Estate Partners & Mac Lehrer - Hoty Enterprises
SRS Real Estate Partners, along with Hoty Enterprises, played essential roles in brokering the sale of Airport Square. With a remarkable 99 percent occupancy rate, this successful deal underscores the expertise and market knowledge of the brokers involved.
Players
Toledo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93