SRS Real Estate Partners Sells Retail Property In Diamond Market For $2.1M
1185 East Division Street, Diamond, Illinois 60416, United States
$2,100,000
$170/SF
Building Size
12,324 SF
Asset Type
Retail
Closing
Sep 5, 2022
AI
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.
Players
Coal City 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93