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JLL Sells Retail Property In Sioux City, IA For $27.5M

Property Image
SOLD
$27,500,000
Michael Nieder
Clinton Mitchell
+ 1

Iowa

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Retail202,880 SF
Sold 09/16/2022
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Property Image
SOLD

JLL Sells Retail Property In Sioux City, IA For $27.5M

5101 Sergeant Road, Sioux City, Iowa 51106, United States

See Similar Deals
Retail202,880 SF
Sold 09/16/2022
Michael Nieder
Clinton Mitchell
+ 1
Contact now

Summary

IOWA
Asset Type:Retail
Price Per Square Foot:$135
Total Square Footage:202,880 SF
Transaction Type:Sale

The retail property located at 5101 Sergeant Rd in Sioux City, IA has been sold for a price of $27,500,000. The property spans across 202,880 square feet, resulting in a price per square foot of $136. The seller of the property is The RH Johnson Co.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $27,500,000
  • Address: 5101 Sergeant Rd, Sioux City, IA
  • Market: Sioux City, IA
  • Size: 202,880 square feet
  • Price per Square Foot: $136

The transaction was facilitated by the brokers Amy Sands, Clinton Mitchell, Michael Nieder, and Marcus Pitts from JLL.

Players

Amy Sands
11 deals$549.8M volume
BROKER

Clinton Mitchell
JLL
11 deals$312.4M volume
BROKER

Michael Nieder
JLL
17 deals$419.6M volume(312) 300-7300
BROKER

Marcus Roger Pitts
JLL
2 deals$97.8M volume
BROKER

Details

SOLD
IMAGE: Amy Sands, Clinton Mitchell, Marcus Pitts & Michael Nieder DATE: 09/16/2022 ADDRESS: 5101 Sergeant Rd MARKET: Sioux City, IA ASSET TYPE: Retail SELLER: The RH Johnson Co BROKERS: Amy Sands, Clinton Mitchell, Michael Nieder & Marcus Pitts - JLL SALE PRICE: $27,500,000 SF: 202,880 ~ PPSF: $136  

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,466,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36