Marcus & Millichap Brokers $2.7M Sale Of Caliber Collision Property In East Moline
3912 17th Street
$2,700,000
Building Size
—
Asset Type
Retail
Closing
Feb 26, 2024
About this deal
AI
The asset involved in the transaction is a net-leased building located at 3912 17th Street in East Moline, Illinois. The property, recently upgraded with $400,000 in renovations, was sold for $2,700,000. The sale was brokered by Dan Yozwiak, Darpan Patel & Jake Carter of Marcus & Millichap. The buyer details were undisclosed in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 3912 17th Street
- Market: East Moline
- Brokers: Dan Yozwiak, Darpan Patel & Jake Carter - Marcus & Millichap
The sale of the Caliber Collision-occupied property in East Moline, Illinois, was represented by Marcus & Millichap on behalf of the seller, a private investor. The individuals who played a key role in the deal were Dan Yozwiak, Darpan Patel, and Jake Carter from Marcus & Millichap.
Players
East Moline Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse East Moline retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93