Sentinel Net Lease Acquires Retail Properties In Loves Park & Normal For $18.3M
SOLD
$18,300,000
Illinois
See Similar DealsRetail199,357 SF
Sold 11/02/2020
SOLD
Sentinel Net Lease Acquires Retail Properties In Loves Park & Normal For $18.3M
1810 Whitetail Lane, Louisville, IL 62858
See Similar DealsRetail199,357 SF
Sold 11/02/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$91
Total Square Footage:199,357 SF
Transaction Type:Sale
The retail property located at 1810 Harlem Road & 1750 Bradford Lane in Loves Park and Normal was recently sold for $18,300,000. The transaction date was on 11/02/2020. This property spans a total area of 199,357 square feet, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,300,000
- Transaction Date: 11/02/2020
- Address: 1810 Harlem Road & 1750 Bradford Lane
- Market: Loves Park & Normal
- Square Footage: 199,357
- Price Per Square Foot: $92
The buyer in this transaction was Sentinel Net Lease, represented by Dennis Cistern. The sale of this retail property marks a significant investment in the Loves Park and Normal markets.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$976,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,016.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,751.34
Annual Debt Service$1,041,016.03
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