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5303 North 2nd Street, Love...

Marcus & Millichap Facilitates $1.675M Sale Of Retail Property In Loves Park
SOLDRetail

Marcus & Millichap Facilitates $1.675M Sale Of Retail Property In Loves Park

5303 North 2nd Street, Loves Park, Illinois 61111, United States

$1,675,000

$132/SF

Building Size

12,674 SF

Asset Type

Retail

Closing

Mar 14, 2022

AI

Located at 5303 North 2nd St. in Loves Park, this retail property spans a total of 2.07 acres. The transaction was finalized on March 15, 2022, with a sale price of $1,675,000. The property's size measures 12,674 square feet, resulting in a price per square foot of $132. Forest Bender, Joseph DiSalvo, and Steven Weinstock from Marcus & Millichap represented the buyer and seller in this deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,675,000
  • Address: 5303 North 2nd St.
  • Market: Loves Park
  • Asset Type: Retail
  • Acres: 2.07

The deal was facilitated by Forest Bender, Joseph DiSalvo, and Steven Weinstock, who represented the involved parties in this transaction. Their expertise and negotiation skills played a crucial role in ensuring a successful outcome for all parties involved.

Players

Steven Weinstock

Marcus & Millichap

Broker

$73.1M

vol

19 deals

Broker

Loves Park 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93