Kensington Development Partners Sells Retail Property In Batavia For $2.5M
1998 Mckee Street
$2,500,000
$747/SF
Building Size
3,343 SF
Asset Type
Retail
Closing
Nov 19, 2020
About this deal
AI
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.
On the Map
$2,500,000
$747/SF
Retail
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Batavia 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93