PMAT Acquires Retail Property For $20.5M In Batavia
251 North Randall Road, Batavia, Illinois 60510, United States
$20,500,000
$74,817/SF
Building Size
274 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
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.
On the Map
$20,500,000
$74,817/SF
Retail
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Players
Batavia 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93