Chatudi LLC Acquires Retail Property From AIGP Realty In Covington 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 involved in this transaction is a retail space located at 1617 Us Highway 51 S in Covington. The sale was completed for a total amount of $1,674,000.00. The property encompasses a square footage 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
- Brokers: Alejandro Snyder - Current Real Estate Advisors, Michael B. Williams
- Sale Date: 12/10/2024
The transaction was facilitated by brokers Alejandro Snyder, representing Current Real Estate Advisors, and Michael B. Williams. They played significant roles in the negotiation and execution of the deal between Chatudi LLC and AIGP Realty.
On the Map
$1,674,000
$336/SF
Retail
View full map
Players
Covington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Alejandro Snyder to view all their deals.
Browse Covington retail sales on Traded.
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