Marcus & Millichap Brokers Sell Retail Property In Columbia, IL For $4.13M
100 Admiral Weinel Boulevard, Columbia, Illinois, USA
$4,130,000
$285/SF
Building Size
14,490 SF
Asset Type
Retail
Closing
Jan 31, 2021
AI
The retail property located at 100 Admiral Weinel Boulevard in Columbia, IL has been sold in a recent transaction. The property spans over 14,490 square feet and was sold for a total price of $4,130,000, resulting in a price per square foot of $285. The sale of this property was facilitated by Marcus & Millichap, with Nicholas Kanich, Benedict Gutierrez, Drew A. Kristol & Kirk D. Olson serving as the brokers representing the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,130,000
- Address: 100 Admiral Weinel Boulevard
- Market: Columbia, IL
- Square Footage: 14,490
The team at Marcus & Millichap, consisting of Nicholas Kanich, Benedict Gutierrez, Drew A. Kristol & Kirk D. Olson, played a crucial role in facilitating this sale. Their expertise and representation were instrumental in the successful completion of the transaction.
Players
Columbia 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
3.84%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93