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1274 Central Park Drive

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

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

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:

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

Marcus & Millichap

Broker

$148.8M

vol

22 deals

Broker

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