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1185 East Division Street, ...

SRS Real Estate Partners Sells Retail Property In Diamond Market For $2.1M
SOLDRetail

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

Steven Roberts

SRS Real Estate Partners

Broker

$2.1M

vol

1 deal

Broker

Coal City 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93