Core Acquisitions LLC Sells Retail Property In Champaign For $4.3M
SOLD
$4,300,000
Illinois
See Similar DealsRetail24,454 SF
Sold
SOLD
Core Acquisitions LLC Sells Retail Property In Champaign For $4.3M
2012 N Prospect Ave, Champaign, IL, USA
See Similar DealsRetail24,454 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$175
Total Square Footage:24,454 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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