Marcus & Millichap Facilitates $4.2M Sale Of Walgreens Property In Jefferson City
900 Eastland Drive
$4,200,000
$283/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Jul 2, 2024
About this deal
AI
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.
On the Map
$4,200,000
$283/SF
Retail
View full map
Players
Jefferson City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Mitch Grant to view all their deals.
Browse Jefferson City retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93