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
About this deal
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.
The retail sale at 510 Fairview Blvd, Kendallville, Indiana, USA in Kendallville, Indiana sold for $1.8M in 2021. The building is 69,894 square feet, implying about 25 per square foot on the published price. Jordan Klink, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Kendallville, Indiana file for the 510 Fairview Blvd, Kendallville, Indiana, USA retail sold: pricing, party profiles, and other closed retail comps from the same Kendallville sit in the Market section below. Filter that Kendallville retail set by closing date to see what else sold near 510 Fairview Blvd, Kendallville, Indiana, USA around 2021. Published consideration for 510 Fairview Blvd, Kendallville, Indiana, USA is $1.8M, dated 2021. Cite this K&K Real Estate Associates Acquires Retail Property In Kendallville, IN For $1.8M sale when underwriting similar retail product around Kendallville, Indiana.
On the Map
$1,800,000
$25/SF
Retail
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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