K&K Real Estate Associates Acquires Retail Property In Kendallville, IN For $1.8M
SOLD
$1,800,000
Indiana
See Similar DealsRetail69,894 SF
Sold 02/18/2021
SOLD
K&K Real Estate Associates Acquires Retail Property In Kendallville, IN For $1.8M
510 Fairview Blvd, Kendallville, Indiana, USA
See Similar DealsRetail69,894 SF
Sold 02/18/2021
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:69,894 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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