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Marcus & Millichap Facilitates $4.2M Sale Of Walgreens Property In Jefferson City
SOLD
$4,200,000
Missouri
See Similar DealsRetail14,820 SF
Sold 07/02/2024
SOLD
Marcus & Millichap Facilitates $4.2M Sale Of Walgreens Property In Jefferson City
900 Eastland Drive
See Similar DealsRetail14,820 SF
Sold 07/02/2024
Summary
MISSOURI
Asset Type:Retail
Price Per Square Foot:$283
Total Square Footage:14,820 SF
Transaction Type:Sale
The $4.2 million sale of a 14,820-square-foot retail property at 900 Eastland Drive in Jefferson City, Missouri, which houses Walgreens, was facilitated by Marcus & Millichap. The property was sold at a price of $283 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 900 Eastland Drive
- Market: Jefferson City, MO
- Brokers: Mitch Grant & Nicholas Kanich - Marcus & Millichap
Mitch Grant and Nicholas Kanich of Marcus & Millichap played a significant role as brokers in the successful sale of the retail property in Jefferson City. Their expertise and professionalism contributed to the completion of the transaction, showcasing their dedication to their clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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