Marcus & Millichap Facilitates $4.9M Retail Sale In East Peoria
SOLD
$4,900,000
+ 2
Illinois
See Similar DealsRetail46,257 SF
Sold
SOLD
Marcus & Millichap Facilitates $4.9M Retail Sale In East Peoria
210 South Main Street, East Peoria, Illinois 61611, United States
See Similar DealsRetail46,257 SF
Sold
+ 2
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:46257 SF
Transaction Type:Sale
The retail property located at 210-250 S. Main St. in East Peoria has been sold. The transaction took place on 07/11/2022 and was facilitated by Dominic Sulo, Richard Kozarits, and Peter Spear from Marcus & Millichap. The property spans a total area of 46,257 square feet and was sold for a price of $4,900,000, resulting in a price per square foot of $106.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Date: 07/11/2022
- Address: 210-250 S. Main St.
- Market: East Peoria
In addition to the brokers mentioned above, Dean Giannakopoulos and Frank Montalto from Marcus & Millichap Capital Corp. acted as mortgage brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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