Kensington Development Partners Sells Retail Property In Batavia For $2.5M
SOLD
$2,500,000
Illinois
See Similar DealsRetail3,343 SF
Sold 11/19/2020
SOLD
Kensington Development Partners Sells Retail Property In Batavia For $2.5M
1998 Mckee Street
See Similar DealsRetail3,343 SF
Sold 11/19/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$747
Total Square Footage:3,343 SF
Transaction Type:Sale
Located at 1998 McKee Street in Batavia, this retail property was recently sold in a closed transaction on November 20, 2020. The property, with a total square footage of 3,343, was sold for a price of $2,500,000, resulting in a price per square foot of $748. The seller of this property was Kensington Development Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 1998 McKee Street
- Market: Batavia
- Square Footage: 3,343
- Seller: Kensington Development Partners
The deal was facilitated by brokers Alex Sharrin and Alex Geanakos from JLL. They represented both the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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