Imperial Realty Sells Retail Property In Rockford, IL For $3.2M
3702 North Main Street, Rockford, Illinois 61103, United States
$3,200,000
$32/SF
Building Size
99,000 SF
Asset Type
Retail
Closing
May 26, 2022
AI
A 99,000 square foot retail center located at 3702 N Main St in Rockford, IL has been sold for a price of $3,200,000. The property is a multi-tenant retail center anchored by a NNN leased CVS. The sale took place on 05/27/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 3702 N Main St, Rockford, IL
- Market: Rockford
- Asset Type: Retail
The seller's representatives for this transaction were Drew Neems and Theron May from Imperial Realty.
Theron May & Drew Neems captured an image of the property, which can be seen on their Instagram post: Instagram Post.
Note: The retail center is NNN leased and features multiple tenants.
Players
Rockford 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93