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210 South Main Street, East...

Marcus & Millichap Facilitates $4.9M Retail Sale In East Peoria
SOLDRetail

Marcus & Millichap Facilitates $4.9M Retail Sale In East Peoria

210 South Main Street, East Peoria, Illinois 61611, United States

$4,900,000

$105/SF

Building Size

46,257 SF

Asset Type

Retail

Closing

Jul 10, 2022

AI

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.

Players

Dean Giannakopoulos

Marcus & Millichap

Broker

$96.3M

vol

13 deals

Broker

Creve Coeur 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

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93