SOLDRetail
Retail Asset Sold For $18.5M In Midwest With Brokerage By Marcus & Millichap And Surmount
$18,500,000
$1,321/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Sep 14, 2026
About this deal
AI
This transaction involves a retail asset located in the Midwest market, comprising 14,000 square feet. The sale price for the property was $18,500,000, translating to a per square foot price of $1,321.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Square Footage: 14,000
- Price Per Square Foot: $1,321
- Date of Transaction: 09/14/2026
- Brokers: Ameer Adel & Jacob Luna - NCG - Marcus & Millichap; Gabriel Britti, Ronnie Issenberg & Kevin O'Hanlon - Surmount
The deal was facilitated by multiple brokers, with Ameer Adel and Jacob Luna representing the seller through NCG at Marcus & Millichap. Gabriel Britti, Ronnie Issenberg, and Kevin O'Hanlon were involved as representatives from Surmount. Their contributions played a significant role in the successful execution of this transaction.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jacob Luna to view all their deals.
Browse Iowa retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93