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600 South Saginaw Boulevard

Marianne Vernacchia Acquires Retail Property In Saginaw From Felix Zamikovsky With John Paine & Alvin Mansour
SOLDRetail

Marianne Vernacchia Acquires Retail Property In Saginaw From Felix Zamikovsky With John Paine & Alvin Mansour

600 South Saginaw Boulevard

Building Size

2,443 SF

Asset Type

Retail

Closing

Dec 6, 2024

AI

The property asset involved in the transaction is located at 600 South Saginaw Boulevard in the Saginaw market. This retail asset is subject to a new 20-year ground sale-leaseback arrangement, indicating a long-term commitment and stable income potential for the buyer.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 600 South Saginaw Boulevard
  • Market: Saginaw
  • Buyer: Marianne Vernacchia
  • Seller: Felix Zamikovsky
  • Buyer's Representative: John Paine - Paine Net Lease Team
  • Seller's Representative: Alvin Mansour - Marcus & Millichap

The key individuals involved in the transaction include Marianne Vernacchia as the buyer and Felix Zamikovsky as the seller. The deal is represented by John Paine from the Paine Net Lease Team on behalf of the buyer and Alvin Mansour from Marcus & Millichap representing the seller.

Players

Alvin Mansour

Marcus & Millichap

Broker

$121M

vol

7 deals

Broker
John Paine
Verified Badge

John Paine

Paine Restaurant Group at Marcus & Millichap

Broker

$5.4M

vol

15 deals

Broker
The Mansour Group
The Mansour GroupBrokerage

Saginaw 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93