Marcus & Millichap Brokers Sell Retail Property At 5212 North Main St, Mishawaka For $2.5M
5212 North Main Street, Mishawaka, Indiana, USA
$2,500,000
$753/SF
Building Size
3,320 SF
Asset Type
Retail
Closing
Mar 21, 2021
About this deal
AI
The retail property located at 5212 North Main Street in Mishawaka, IN has been sold for a price of $2,500,000. The property spans across 3,320 square feet, resulting in a price per square foot of $753. The transaction took place on March 22, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 5212 North Main Street, Mishawaka, IN
- Market: Mishawaka, IN
- Brokers: Chris Lind, Mark Ruble, Zack House & Brennan Clegg - Marcus & Millichap
- Square Feet: 3,320
- Price per Square Foot: $753
Chris Lind, Mark Ruble, Zack House, and Brennan Clegg from Marcus & Millichap represented the parties involved in this transaction.
Players
Mishawaka 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93