SOLDRetail
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
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.
Players
Belvidere Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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