Retail Portfolio In Iowa, Montana, North Dakota, Nebraska & Wisconsin Sold For $52.6M With Marcus & Millichap Brokers
Iowa
$52,600,000
Building Size
—
Asset Type
Retail
Closing
Apr 21, 2023
About this deal
AI
The recently closed transaction involves a retail portfolio in Iowa, Montana, North Dakota, Nebraska, and Wisconsin. The portfolio consists of multiple retail properties in these states.
Summary of transaction details
- Property Type: Retail
- Sale Price: $52,600,000
The transaction was facilitated by brokers Drew Isaac and Brian Bailey from Marcus & Millichap. They represented the parties involved in the deal and played a crucial role in ensuring a successful transaction.
The retail sale at Iowa in Iowa sold for $52.6M in 2023. Iowa is classified as Retail on Traded. Drew Isaac, Brian Bailey, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Iowa file for the Iowa retail sold: pricing, party profiles, and other closed retail comps from the same Iowa sit in the Market section below. Filter that local retail set by closing date to see what else sold near Iowa around 2023. Published consideration for Iowa is $52.6M, dated 2023. Cite this Retail Portfolio In Iowa, Montana, North Dakota, Nebraska & Wisconsin Sold For $52.6M With Marcus & Millichap Brokers sale when underwriting similar retail product around Iowa.
Players
Market 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93