facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Retail

/

Sale

/

504 Water Street

Marcus & Millichap Sells Dollar General Property In Kansas For $1.08M
SOLDRetail

Marcus & Millichap Sells Dollar General Property In Kansas For $1.08M

504 Water Street

$1,075,000

$143/SF

Building Size

7,489 SF

Asset Type

Retail

Closing

Nov 30, 2023

AI

Marcus & Millichap has closed the sale of a 7,489-square-foot Dollar General property located at 504 Water Street in Kansas, Illinois. The property was sold for a total price of $1,075,000, resulting in a price per square foot of $144.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,075,000
  • Square Footage: 7,489
  • Address: 504 Water Street
  • Market: Kansas

The sale of the property was facilitated by investment specialists from Marcus & Millichap. Craig Fuller, Erin Patton, Dustin Javitch, Maria DeAngelis, and Scott Wiles, all representing Marcus & Millichap, acted as the brokers in the deal. The seller was a private investor, while the buyer was secured by Maria DeAngelis through an all-cash 1031 exchange.

Players

Craig Fuller

Broker

$174.9M

vol

18 deals

Broker

Kansas 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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93