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.
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