Unknown Buyer Acquires Property At 2004 N Knoxville Ave Peoria For $1.83M With Dominic Sulo As Buyer's Representative
2004 N Knoxville Ave, Peoria, IL, 61603
$1,830,000
$61/SF
Building Size
29,984 SF
Asset Type
Office
Closing
Sep 16, 2019
About this deal
AI
Knoxville Plaza is a retail property situated at 2004 N Knoxville Ave, Peoria, IL, 61603. The asset encompasses a total area of 29,984 square feet and was sold for $1,825,000, reflecting its market value in Peoria.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,825,000
- Buyer: Unknown
- Seller: Unknown
- Buyer’s Representative: Dominic Sulo
- Agency: Marcus & Millichap
- Location: Peoria, Illinois
- Tenant Mix: Strong neighborhood
- Closing Duration: Less than 30 days
The sale was facilitated by Dominic Sulo, an investment specialist at Marcus & Millichap’s Chicago Oak Brook office, who had the exclusive listing for the property. The deal attracted multiple offers, and the buyer was represented by Sulo, indicating his role in successfully securing the transaction.
Peoria Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Dominic Sulo to view all their deals.
Browse Illinois office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.67%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93