Chatudi LLC Acquires Retail Property In Covington From AIGP Realty For $1,674,000
1617 Us Highway 51 S
$1,674,000
$336/SF
Building Size
4,978 SF
Asset Type
Retail
Closing
Dec 10, 2024
About this deal
AI
The property asset located at 1617 Us Highway 51 S in Covington is a retail asset that has been sold for a transaction amount of $1,674,000.00. This retail space encompasses a total area of 4,978 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,674,000.00
- Address: 1617 Us Highway 51 S
- Market: Covington
- Square Footage: 4,978.0
- Buyer: Chatudi LLC
- Seller: AIGP Realty
- Broker Representatives: Alejandro Snyder - Current Real Estate Advisors, Michael B. Williams
This transaction involved key individuals such as the buyer, Chatudi LLC, and the seller, AIGP Realty, who facilitated the deal through their respective broker representatives, Alejandro Snyder and Michael B. Williams.
Players
Covington 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
9.48%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93