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104 Dettro Drive, Mattoon, ...

Thompson Thrift Retail Group Sells Retail Property In Mattoon For $3.7M
SOLDRetail

Thompson Thrift Retail Group Sells Retail Property In Mattoon For $3.7M

104 Dettro Drive, Mattoon, IL, USA

$3,700,000

$377/SF

Building Size

9,800 SF

Asset Type

Retail

Closing

Feb 9, 2021

AI

The retail property located at 104 Dettro Dr in Mattoon has been sold for a price of $3,700,000. The property spans across 9,800 square feet, resulting in a price per square foot of $378. The transaction took place on February 10, 2021.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Address: 104 Dettro Dr
  • Market: Mattoon

The seller of the property was Thompson Thrift Retail Group (TTRG), while the buyer was represented by Matt Brooks from Faris Lee Investments. The seller's representatives in the deal were Emily Gadomski and Rick Drogosz from Mid-America Real Estate Corp.

Players

Rick Drogosz

Mid-America Real Estate Group

Broker

$299.4M

vol

11 deals

Broker

Mattoon 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93