K&K Real Estate Associates Acquires Retail Property In Kendallville, IN For $1.8M
510 Fairview Blvd, Kendallville, Indiana, USA
$1,800,000
$25/SF
Building Size
69,894 SF
Asset Type
Retail
Closing
Feb 17, 2021
AI
Located at 510 Fairview Blvd in Kendallville, IN, this retail property was recently sold. The transaction took place on February 18, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
The buyer of the property is K&K Real Estate Associates LLC, while the seller is Walmilton LLC.
The deal was facilitated by Jordan Klink, a representative from The Klink Group at Marcus & Millichap.
Players
Kendallville 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93