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1994 McKee St.

Updated Sep 5, 2024

Marcus & Millichap Sells Retail Property In Batavia, IL For $2,050,000
SOLDRetail

Marcus & Millichap Sells Retail Property In Batavia, IL For $2,050,000

1994 McKee St.

$2,050,000

$921/SF

Building Size

2,225 SF

Asset Type

Retail

Closing

Feb 17, 2023

About this deal

AI

The retail property located at 1994 McKee St. in Batavia has been sold for a price of $2,050,000. The transaction was facilitated by brokers Austin Weisenbeck and Sean R. Sharko of Marcus & Millichap. The property spans a total area of 2,225 square feet, resulting in a price per square foot of $921.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,050,000
  • Address: 1994 McKee St.
  • Market: Batavia

Austin Weisenbeck and Sean R. Sharko, representing Marcus & Millichap, played instrumental roles in the sale of the property. Their expertise and efforts contributed to the successful completion of the transaction. The involvement of these brokers highlights their proficiency in the Batavia retail market, cementing their reputation as reliable and knowledgeable representatives in the industry.

Players

Austin Weisenbeck

Marcus & Millichap

Broker

$348.1M

vol

59 deals

Broker

Centralia Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $921 per square foot on a published $2.1M for 2,225 square feet (2023).

Visit Sean Sharko to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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