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
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.
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