SOLDRetail
Newmark Brokers Sell Retail Property For $4.5M In Rock Falls
1700 1st Avenue, Rock Falls, Illinois 61071, United States
$4,500,000
$303/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Aug 24, 2022
AI
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.
Players
Rock Falls Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93