Andrew Antoniou & Dominic Sulo Of Marcus & Millichap Brokers Retail Sale For $3.1M
1274 Central Park Drive
$3,100,000
Building Size
—
Asset Type
Retail
Closing
May 14, 2024
About this deal
AI
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:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Address: 1274 Central Park Drive
- Market: O'Fallon
- Brokers: Andrew Antoniou & Dominic Sulo - Marcus & Millichap
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
O Fallon 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93