DPPM Management Sells Vincennes Retail Property For $5.2M
636-638 Kimmell Rd
$5,200,000
$115/SF
Building Size
44,962 SF
Asset Type
Retail
Closing
Jan 23, 2023
About this deal
AI
The retail property located at 636-638 Kimmell Rd in Vincennes, Indiana has been sold for $5,200,000. The property spans 44,962 square feet, resulting in a price per square foot of $116. This transaction took place on 01/23/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 636-638 Kimmell Rd, Vincennes, Indiana
- Market: Vincennes, Indiana
- Seller: DPPM Management
- Broker: Ryan Roedersheimer - Northmarq
- Square Footage: 44,962
- Price per Square Foot: $116
Ryan Roedersheimer from Northmarq represented the parties involved in this deal as the broker.
Players
Vincennes 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93