SRS Real Estate Partners Sells Retail Property In Diamond Market For $2.1M
SOLD
$2,100,000
Illinois
See Similar DealsRetail12,324 SF
Sold 09/06/2022
SOLD
SRS Real Estate Partners Sells Retail Property In Diamond Market For $2.1M
1185 East Division Street, Diamond, Illinois 60416, United States
See Similar DealsRetail12,324 SF
Sold 09/06/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$170
Total Square Footage:12,324 SF
Transaction Type:Sale
Steven Roberts, Frank Rogers, and Michael Carter were involved in a recent retail property transaction in Diamond. The property, located at 1185 E. Division St, was sold for a total of $2,100,000. The retail space spans 12,324 square feet, resulting in a price per square foot of $170.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 1185 E. Division St
- Market: Diamond
- BROKERS: Steven Roberts, Michael Carter, and Frank Rogers - SRS Real Estate Partners
- SF: 12,324
- PPSF: $170
The deal was facilitated by Steven Roberts, Michael Carter, and Frank Rogers from SRS Real Estate Partners. They represented the respective parties involved in the transaction but did not act as the buyer, seller, landlord, or tenant.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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