facebook
Traded Co logo
Submit

Quantum Real Estate Advisors Facilitates $4.4M Sale Of Peoria Retail Center

Property Image
SOLD
$4,400,000

Illinois

See Similar Deals
the dealplayerscompscontact
Property Image
SOLD

Quantum Real Estate Advisors Facilitates $4.4M Sale Of Peoria Retail Center

5116 N Big Hollow Rd, Peoria, IL, 61615

See Similar Deals
Contact now

Summary

ILLINOIS
Transaction Type:Sale

The retail strip center located at 5116 N. Big Hollow Road in Peoria, Illinois has been sold for $4.4 million. The property, anchored by Aspen Dental and Vitamin Shoppe, was originally built in 2010 by a Miami-based developer. Zack Hilgendorf of Quantum Real Estate Advisors represented the seller in the transaction. The center was acquired by a buyer based in Chicago.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,400,000.00
  • Market: Peoria
  • Seller's Representative: Zackary (Zack) Hilgendorf (Quantum Real Estate Advisors)
  • Buyer: Chicago-based buyer

The sale of the retail strip center in Peoria for $4.4 million was brokered by Quantum Real Estate Advisors. The center's anchor tenants, Aspen Dental and Vitamin Shoppe, were essential in attracting the attention of the Chicago-based buyer. The involvement of a Miami-based developer in the center's original construction adds a layer of history to the transaction.

Players

Zack Hilgendorf
10 deals$37.3M volume(847) 722-0865
BROKER

Details

SOLD
IMAGE: 5116 N Big Hollow Rd, Peoria, IL, 61615 MARKET: Peoria SELLER'S REP: Zackary (Zack) Hilgendorf(Quantum Real Estate Advisors) BUYER: Unknown PRICE: $4,400,000.00

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94