Dan Cooper's The Cooper Commercial Investment Group Sells Medical Office In Peoria For $1.5M
801 West Lake Avenue
$1,500,000
Building Size
—
Asset Type
—
Closing
Oct 20, 2022
About this deal
AI
A medical office located at 801 W Lake Ave in Peoria has been sold for $1,500,000. The transaction took place on October 20, 2022. The property was listed by Dan Cooper from The Cooper Commercial Investment Group. The sale was facilitated by Dan Cooper, who represented the seller as their broker.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $1,500,000
- Date: October 20, 2022
- Address: 801 W Lake Ave, Peoria
- Market: Peoria
Dan Cooper from The Cooper Commercial Investment Group played a crucial role in the sale of this medical office at 801 W Lake Ave in Peoria. Cooper served as the broker representing the seller in this transaction.
Players
Peoria CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93