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1998 Mckee Street

Kensington Development Partners Sells Retail Property In Batavia For $2.5M
SOLDRetail

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

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.

Players

Alex Geanakos

JLL

Broker

$148.3M

vol

13 deals

Broker

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