Craft Enterprise LLC Acquires Retail Property From Seller's Rep Michael Matter In Raymond

The retail property located at 512 S O'Bannon St in Raymond, IL, consisting of 9,026 square feet, was sold for $1,100,000. Dollar General is the current occupant of this property, which was built in 2014. The sale was facilitated by Michael Matter of Stan Johnson Co. The buyer, Craft Enterprise LLC, a Kansas-based private investor, completed a 1031 tax-deferred exchange in this transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,100,000.00
• Address: 512 S O'Bannon St, Raymond, IL, 62560
• Market: Raymond
• Seller's Representative: Michael Matter (Stan Johnson Co)
• Buyer: Craft Enterprise LLC
• Square Footage: 9,026

The sale of the retail property was brokered by Mike Matter from Stan Johnson Co. Both the seller and the buyer engaged in 1031 tax-deferred exchanges. Craft Enterprise LLC, the purchaser, is a Kansas-based private investor. The property, with approximately nine years remaining on an absolute triple net lease, attracted the attention of buyers and sellers in this transaction.