Quantum Real Estate Advisors Sells Retail Property In Peoria For $4.45M
SOLD
$4,450,000
Illinois
See Similar DealsRetail10,260 SF
Sold 06/09/2022
SOLD
Quantum Real Estate Advisors Sells Retail Property In Peoria For $4.45M
5166 North Big Hollow Road, Peoria, Illinois 61615, United States
See Similar DealsRetail10,260 SF
Sold 06/09/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$433
Total Square Footage:10,260 SF
Transaction Type:Sale
A retail property located at 5166 N Big Hollow Rd in Peoria has been sold for $4,450,000. The property spans an area of 1.03 acres and has a total square footage of 10,260. The price per square foot for this transaction was $434. The sale took place on June 9, 2022, and the deal was facilitated by Zackary J. Hilgendorf from Quantum Real Estate Advisors, Inc. representing the seller and Vickie C. Soupos from COLOVOS | SOUPOS Group - RE/MAX Destiny representing the buyer.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,450,000
- Address: 5166 N Big Hollow Rd
- Market: Peoria
- Acres: 1.03
John Mantas from Mantas Law acted as the attorney in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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