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Retail Portfolio In Iowa, Montana, North Dakota, Nebraska & Wisconsin Sold For $52.6M With Marcus & Millichap Brokers
SOLD
$52,600,000
Retail
Sold 04/21/2023
SOLD
Retail Portfolio In Iowa, Montana, North Dakota, Nebraska & Wisconsin Sold For $52.6M With Marcus & Millichap Brokers
Retail
Sold 04/21/2023
Summary
IOWA
Asset Type:Retail
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,805,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$186,876.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$249,350.84
Annual Debt Service$2,992,210.02
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