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
About this deal
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