Quantum Real Estate Advisors Inc. Sells Retail Property In Belvidere, IL For $1.9M
SOLD
$1,900,000
Illinois
See Similar DealsRetail
Sold 01/03/2022
SOLD
Quantum Real Estate Advisors Inc. Sells Retail Property In Belvidere, IL For $1.9M
2286 Gateway Center Drive, Belvidere, Illinois 61008, United States
See Similar DealsRetail
Sold 01/03/2022
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
The retail property located at 2286 Gateway Center Dr in Belvidere, IL has been sold for a price of $1,900,000. The transaction took place on January 3, 2022. The property is part of the retail market in Belvidere.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 2286 Gateway Center Dr, Belvidere, IL
- Market: Belvidere, IL
Jason Lenhoff from Quantum Real Estate Advisors Inc. served as the broker for this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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