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
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