Sentinel Net Lease Acquires Retail Properties In Loves Park & Normal For $18.3M
1810 Whitetail Lane, Louisville, IL 62858
$18,300,000
$91/SF
Building Size
199,357 SF
Asset Type
Retail
Closing
Nov 1, 2020
AI
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.
Louisville 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93