Marc Hildenbrand Facilitates $5.5M Retail Sale In Independence, MO
11911 US Route 40
$5,518,282
$214/SF
Building Size
25,759 SF
Asset Type
Retail
Closing
Jun 25, 2024
AI
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.
Independence 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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93