Property details
Shoppingcenters, Great Lakes - Big Rivers Region
Property Description
Shoppingcenters for sale
Shoppingcenters like this PetSmart Plaza are ideal for buyers of shoppingcenters seeking a strong retail location. One of our better shoppingcenters located in a great neighborhood. Assumable low interest financing with approx. 10% cash on cash return. Loan is interest only for first 3 years.
Why do buyers of Shoppingcenters prefer shoppingcenters over single tenant properties?
Shoppingcenters, for these investors, allow them to better cope with lease risk.
Other property related to Shoppingcenters
» Search for all properties related to Shoppingcenters by using our PROPERTY SEARCH, expand the Property Types, then check the box for "Shopping Centers / Strip Center".
Images
Highlights
- Status:
- Sold
- Price:
- $16,050,000
- PSF:
- $247
- Cap Rate:
- 7.20%
- Annual Rent:
- $1,153,000
- Rent Increases:
- None
Property Information
- Building Size:
- 65,000 sq.ft.
- Property Type:
- Shopping / Strip Center
- Industry Type:
- Retail
- Units/Spaces:
- 4
- Year Built:
- 1997
- Land Area:
- 8.00 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- Original loan amount:
- $10,550,000
- Interest rate:
- 5.79%
- Amortized over:
- 10 years
- Annual Debt Service Pmts:
- $610,845
- Annual Cash Flow:
- $542,155
- Cash on Cash Return:
- 9.86%
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.