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
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