Jarold Klien Purchases Retail Asset At 1312 W Main St From 1031 Seller For $2,064,110
1312 W Main St
$2,064,110
Building Size
—
Asset Type
Retail
Closing
Jul 2, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 1312 W Main St, Merrill. It has been sold for a price of $2,064,110.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,064,110.00
- Address: 1312 W Main St
- Market: Merrill
- Buyer: Jarold Klien
- Seller: 1031 Seller
- Brokers: Taylor Avakian - Lyon Stahl Investment Real Estate
This transaction highlights the roles of key individuals and companies involved, including the buyer, Jarold Klien, and the seller, identified as 1031 Seller. The brokerage firm Lyon Stahl Investment Real Estate was represented by Taylor Avakian in this deal.
On the Map
$2,064,110
Retail
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Players
Merrill 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
7.69%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93