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
About this deal
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.
On the Map
$4,130,000
$285/SF
Retail
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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