Jordan Alleva At Newmark Sells Retail Property In Rockford, Loves Park For $16.1M
1810 Harlem Rd, Loves Park, IL 61111
$16,133,800
$113/SF
Building Size
142,357 SF
Asset Type
Retail
Closing
Apr 7, 2022
About this deal
AI
The retail property located at 1810 Harlem Rd in Rockford, Loves Park has been sold. The transaction was facilitated by Jordan Alleva from Newmark. The property encompasses a total area of 142,357 square feet. The sale price amounted to $16,133,800, resulting in a price per square foot of $113.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,133,800
- Address: 1810 Harlem Rd
- Market: Rockford, Loves Park
- Broker: Jordan Alleva - Newmark
- Square Footage: 142,357 SF
- Price per Square Foot: $113
The sale of the retail property was completed successfully, thanks to the efforts of Jordan Alleva from Newmark. This transaction demonstrates the demand for retail properties in Rockford and Loves Park markets.
On the Map
$16,133,800
$113/SF
Retail
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Players
Loves Park 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93