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
Mattoon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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