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2525 North Kelly Avenue

Updated Dec 4, 2024

Hanley Investment Group Sells Salad And Go Drive-Thru In Edmond, OK For $1.7M
SOLDRetail

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:

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

Bill Asher

Hanley Investment Group

Broker

$660.8M

vol

92 deals

Broker

Edmond Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $2K per square foot on a published $1.7M for 858 square feet (2024).

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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

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