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
Centralia 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93