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
About this deal
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
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