Quantum Real Estate Advisors Inc. Sells Peoria Retail Property For $4.4M
SOLD
$4,400,000
Illinois
See Similar DealsRetail
Sold 06/17/2022
SOLD
Quantum Real Estate Advisors Inc. Sells Peoria Retail Property For $4.4M
5116 North Big Hollow Road, Peoria, Illinois 61615, United States
See Similar DealsRetail
Sold 06/17/2022
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
The retail property located at 5116 N. Big Hollow Road in Peoria has been sold for a total of $4,400,000. The transaction took place on June 17, 2022. The property is represented by the broker Zack Hilgendorf from Quantum Real Estate Advisors Inc.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,400,000
Zack Hilgendorf from Quantum Real Estate Advisors Inc. was the broker for the sale of this retail property. The transaction showcases the successful collaboration between the parties involved and highlights the expertise of Zack Hilgendorf and Quantum Real Estate Advisors Inc. in handling retail property deals in Peoria.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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