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Andrew Antoniou & Dominic Sulo Of Marcus & Millichap Brokers Retail Sale For $3.1M

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SOLD
$3,100,000

Illinois

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Retail
Sold 05/14/2024
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Property Image
SOLD

Andrew Antoniou & Dominic Sulo Of Marcus & Millichap Brokers Retail Sale For $3.1M

1274 Central Park Drive

See Similar Deals
Retail
Sold 05/14/2024
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Summary

ILLINOIS
Asset Type:Retail
Transaction Type:Sale

The retail property located at 1274 Central Park Drive in O’Fallon was sold for $3,100,000. The transaction was facilitated by Marcus & Millichap, with Andrew Antoniou and Dominic Sulo representing both the buyer and seller, who were limited liability companies. The property is occupied by Caliber Collision and is situated approximately 20 miles east of St. Louis.

Summary of transaction details:

Andrew Antoniou and Dominic Sulo of Marcus & Millichap played pivotal roles in representing both the buyer and seller of the retail property. The transaction involved limited liability companies on both ends, showcasing a smooth and successful deal for the property in O’Fallon.

Players

Dominic Sulo
22 deals$148.8M volume
BROKER

Andrew (Drew) Antoniou
Marcus & Millichap
3 deals$55M volume(630) 570-2185
BROKER

Details

SOLD
IMAGE: Andrew Antoniou & Dominic Sulo DATE: 05/14/2024 ADDRESS: 1274 Central Park Drive MARKET: O'Fallon ASSET TYPE: Retail BROKERS: Andrew Antoniou (@DrewAntonio) & Dominic Sulo - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,100,000 NOTE: Marcus & Millichap facilitated the $3.1 million sale of a retail property occupied by Caliber Collision in O’Fallon, situated approximately 20 miles east of St. Louis. Dominic Sulo and Andrew Antoniou of Marcus & Millichap represented both the buyer and seller, who were limited liability companies, in the transaction for the building located at 1274 Central Park Drive.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98