Newmark Brokers Sell Retail Property For $4.5M In Rock Falls
SOLD
$4,500,000
+ 1
Illinois
See Similar DealsRetail14,820 SF
Sold 08/25/2022
SOLD
Newmark Brokers Sell Retail Property For $4.5M In Rock Falls
1700 1st Avenue, Rock Falls, Illinois 61071, United States
See Similar DealsRetail14,820 SF
Sold 08/25/2022
+ 1
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$303
Total Square Footage:14,820 SF
Transaction Type:Sale
The retail property located at 1700 1st Ave in Rock Falls has been sold for a price of $4,500,000. The property spans over 14,820 square feet, resulting in a price per square foot of $304.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 1700 1st Ave
- Market: Rock Falls
The transaction was facilitated by the brokers Matt Berres, Samer Khalil, Karick Brown, and Carrie Frye from Newmark.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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