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2012 N Prospect Ave, Champa...

Core Acquisitions LLC Sells Retail Property In Champaign For $4.3M
SOLDRetail

Core Acquisitions LLC Sells Retail Property In Champaign For $4.3M

2012 N Prospect Ave, Champaign, IL, USA

$4,300,000

$175/SF

Building Size

24,454 SF

Asset Type

Retail

Closing

Dec 7, 2021

AI

Core Acquisitions LLC has sold a retail property located at 2012-2032 N. Prospect Ave. in Champaign. The property spans across 24,454 square feet and was sold for a total price of $4,300,000, resulting in an average price per square foot of $176. The transaction took place on December 7, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,300,000
  • Square Footage: 24,454
  • Price per Square Foot: $176
  • Address: 2012-2032 N. Prospect Ave., Champaign
  • Market: Champaign

The deal was facilitated by Chad Firsel and Jason Lenhoff from Quantum Real Estate Advisors Inc., who represented Core Acquisitions LLC during the transaction.

Players

Jason Lenhoff

Broker

$37.8M

vol

9 deals

Broker

Champaign 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93