PMAT Acquires Retail Property For $20.5M In Batavia
SOLD
$20,500,000
Illinois
See Similar DealsRetail274 SF
SOLD
PMAT Acquires Retail Property For $20.5M In Batavia
251 North Randall Road, Batavia, Illinois 60510, United States
See Similar DealsRetail274 SF
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$74,817
Total Square Footage:274 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 251 North Randall Road in Batavia. It spans an area of 32 acres and has a size of 274,000 square feet. The sale took place on 12/20/2022, and the property was purchased for a total price of $20,500,000, resulting in a price per square foot of $75.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,500,000
- Address: 251 North Randall Road, Batavia
- Market: Batavia
- Acres: 32
The buyer in this transaction was PMAT represented by Robert Whelan, while the seller was Kimco Realty represented by Conor Flynn. Conor Flynn and Robert Whelan were responsible for finalizing the deal on behalf of their respective parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,093,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50
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