Ariel Property Advisors Facilitates $2.8M Loan For Retail Property On 123 N. 13th St. In Decatur, IN
123 N 13th St, Decatur, IN, USA
$2,800,000
$186/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Oct 20, 2021
AI
The retail property located at 123 N. 13th St in Decatur, IN has been involved in a recent transaction. The property spans approximately 15,000 square feet and is situated in the Decatur market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Date: 10/20/2021
- Loan Terms: five-year loan, which features a fixed interest rate of 3.99 percent
Matt Dzbanek & Matt Swerdlow from Ariel Property Advisors represented the parties involved in this transaction as brokers.
A loan amounting to $2,800,000 was secured for this transaction. The loan has a term of five years and features a fixed interest rate of 3.99 percent.
Players
Decatur Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93