JLL Sells Retail Property In Sioux City, IA For $27.5M
SOLD
Retail202,880 SF
Sold 09/16/2022
SOLD
JLL Sells Retail Property In Sioux City, IA For $27.5M
5101 Sergeant Road, Sioux City, Iowa 51106, United States
See Similar DealsRetail202,880 SF
Sold 09/16/2022
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.
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Details
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Deal Type
30 years
10 years
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
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