Hanley Investment Group Sells Salad And Go Drive-Thru In Edmond, OK For $1.7M
2525 North Kelly Avenue
$1,700,000
$1,981/SF
Building Size
858 SF
Asset Type
Retail
Closing
Apr 3, 2024
About this deal
AI
The property involved in the transaction is a Salad and Go Drive-Thru located at 2525 North Kelly Avenue in Edmond, Oklahoma. The retail asset was sold for $1.7 million under an absolute triple-net ground lease. The property spans 858 square feet with a price per square foot of $1,981.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 2525 North Kelly Avenue
- Market: Edmond, OK
- Buyer's Rep: Eric Fleske - Fleske Commercial Group
- Seller's Rep: Alex Apter - Commercial Real Estate, Bill Asher & Jeff Lefko - Hanley Investment Group
- SF: 858
- PPSF: $1,981
The sale was facilitated by Eric Fleske from Fleske Commercial Group, representing the buyer, in conjunction with Alex Apter from Commercial Real Estate, Bill Asher, and Jeff Lefko from Hanley Investment Group, who represented the seller. This transaction marks a successful deal involving key individuals and real estate agencies bringing together the buyer and seller in the retail property transaction.
Players
Edmond 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93