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3912 17th Street

Updated Dec 4, 2024

Marcus & Millichap Brokers $2.7M Sale Of Caliber Collision Property In East Moline
SOLDRetail

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

Darpan Patel

Marcus & Millichap

Broker

$67M

vol

20 deals

Broker

East Moline 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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