Daily limit: 0/10
Kohan Retail Investment Group Acquires Retail Property In Cedar Rapids, IA For $28.5M
SOLD
$28,500,000
Retail73,266 SF
Sold 05/21/2023
SOLD
Kohan Retail Investment Group Acquires Retail Property In Cedar Rapids, IA For $28.5M
4444 1st Avenue Northeast Cedar Rapids, Iowa 52402, USA
See Similar DealsRetail73,266 SF
Sold 05/21/2023
Summary
IOWA
Asset Type:Retail
Price Per Square Foot:$389
Total Square Footage:73,266 SF
Transaction Type:Sale
The retail property located at 4444 1st Avenue Northeast in Cedar Rapids, IA, has been sold. The transaction took place on 05/21/2023, with a sale price of $28,500,000. The property spans approximately 732,666 square feet, resulting in a price per square foot of $39.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $28,500,000
- Square Footage: 732,666
- Price per Square Foot: $39
- Market: Cedar Rapids, IA
The buyer in this transaction is Kohan Retail Investment Group, a reputable investment group specializing in retail properties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,519,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,254.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,104.54
Annual Debt Service$1,621,254.48
Is there something missing? Send suggestions