Private Investor Acquires Retail Building In Rockford, IL From N3 Real Estate

The property involved in the transaction is a multi-tenant, pad building in Rockford, Illinois. Located at 7310 Walton Street, the retail asset spans 9,000 square feet. The sale was arranged with a cap rate of 7.23% and the building is occupied by Aspen Dental, Sleep Number, and FASTSIGNS. Positioned at the intersection of E. State Street and Buckley Drive, the property is shadow-anchored by a Walmart Supercenter and sits on 1.08 acres of land.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Buyer's Representative: Ronald Shunia from BOSC Realty Advisors
• Buyer: Private investor from Orange County, California
• Seller: N3 Real Estate
• Square Footage: 9,000
• Address: 7310 Walton St, Rockford, IL, 61108
• Market: Rockford

Representing the buyer in this transaction was Ronald Shunia of BOSC Realty Advisors from Bloomfield Hills, Michigan, while the seller was N3 Real Estate based in Southlake, Texas. The property, built in 2008, enjoys full occupancy and is strategically located just half a mile from Interstate 90, creating a valuable link between Rockford, Chicago, and Madison, Wisconsin. The asset's proximity to a high-traffic Walmart center contributes to its visibility and is surrounded by a plethora of well-known national retailers.