Retail Property At 1460 Koester Road In Forsyth Sold For $4.8M With Buyer's Rep Tammy Saia & Tami Andrew - Marcus & Millichap
SOLD
$4,800,000
Illinois
See Similar DealsRetail30,087 SF
Sold 03/15/2022
SOLD
Retail Property At 1460 Koester Road In Forsyth Sold For $4.8M With Buyer's Rep Tammy Saia & Tami Andrew - Marcus & Millichap
1460 Koester Drive, Forsyth, Illinois 62535, United States
See Similar DealsRetail30,087 SF
Sold 03/15/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$159
Total Square Footage:30,087 SF
Transaction Type:Sale
A retail property located at 1460 Koester Road in Forsyth has been sold for $4,800,000. The property spans approximately 30,087 square feet, amounting to a price per square foot of $160.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,800,000
- Square Footage: 30,087
- Price per Square Foot: $160
- Address: 1460 Koester Road, Forsyth
The deal was facilitated by Tammy Saia and Tami Andrew from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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