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
About this deal
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.
The retail sale at 1700 1st Avenue, Rock Falls, Illinois 61071, United States in Rock Falls, Illinois sold for $4.5M in 2022. The building is 14,820 square feet, implying about 303 per square foot on the published price. Carrie Frye, Karick Brown, Samer Khalil, Matt Berres appear on the sale alongside Newmark. This page is the Rock Falls, Illinois file for the 1700 1st Avenue, Rock Falls, Illinois 61071, United States retail sold: pricing, party profiles, and other closed retail comps from the same Rock Falls sit in the Market section below. Filter that Rock Falls retail set by closing date to see what else sold near 1700 1st Avenue, Rock Falls, Illinois 61071, United States around 2022. Published consideration for 1700 1st Avenue, Rock Falls, Illinois 61071, United States is $4.5M, dated 2022. Cite this Newmark Brokers Sell Retail Property For $4.5M In Rock Falls sale when underwriting similar retail product around Rock Falls, Illinois.
Players
Rock Falls 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93