Quantum Real Estate Advisors Inc. Sells Retail Property In Belvidere, IL For $1.9M
2286 Gateway Center Drive, Belvidere, Illinois 61008, United States
$1,900,000
Building Size
—
Asset Type
Retail
Closing
Jan 3, 2022
About this deal
AI
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.
The retail sale at 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States in Belvidere, Illinois sold for $1.9M in 2022. 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States is classified as Retail on Traded. Named participants on the 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States sale are Jason Lenhoff. This page is the Belvidere, Illinois file for the 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States retail sold: pricing, party profiles, and other closed retail comps from the same Belvidere sit in the Market section below. Filter that Belvidere retail set by closing date to see what else sold near 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States around 2022. Published consideration for 2286 Gateway Center Drive, Belvidere, Illinois 61008, United States is $1.9M, dated 2022. Cite this Quantum Real Estate Advisors Inc. Sells Retail Property In Belvidere, IL For $1.9M sale when underwriting similar retail product around Belvidere, Illinois.
Players
Belvidere 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93