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Marc Hildenbrand Facilitates $5.5M Retail Sale In Independence, MO
SOLD
$5,518,282
Missouri
See Similar DealsRetail25,759 SF
Sold 06/25/2024
SOLD
Marc Hildenbrand Facilitates $5.5M Retail Sale In Independence, MO
11911 US Route 40
See Similar DealsRetail25,759 SF
Sold 06/25/2024
Summary
MISSOURI
Asset Type:Retail
Price Per Square Foot:$214
Total Square Footage:25,759 SF
Transaction Type:Sale
A 25,759-square-foot automotive collision center located at 11911 E US Hwy 40 in Independence, Missouri, was recently sold for $5,518,282. The property was part of a transaction facilitated by Marc Guy Hildenbrand of Friedman Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,518,282
- Market: Independence, MO
- Price per Square Foot: $214
- Broker: Marc Guy Hildenbrand - Friedman Real Estate
The sale, which took place on June 25, 2024, involved the automotive collision center in Independence. Marc Hildenbrand, representing Friedman Real Estate, played a key role in facilitating the transaction at the specified property address on US Route 40.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$294,308.38
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,605.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,159.47
Annual Debt Service$313,913.66
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