Marcus & Millichap Facilitates $1.675M Sale Of Retail Property In Loves Park
SOLD
$1,675,000
Illinois
See Similar DealsRetail12,674 SF
Sold 03/15/2022
SOLD
Marcus & Millichap Facilitates $1.675M Sale Of Retail Property In Loves Park
5303 North 2nd Street, Loves Park, Illinois 61111, United States
See Similar DealsRetail12,674 SF
Sold 03/15/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$132
Total Square Footage:12,674 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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