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3604 Twin Creek Drive

Ember Grummons Represents Seller River Village Twin Creek LLC In $13.6M Twin Creek Shopping Center Sale
SOLDRetail

Ember Grummons Represents Seller River Village Twin Creek LLC In $13.6M Twin Creek Shopping Center Sale

3604 Twin Creek Drive

$13,600,000

$163/SF

Building Size

83,085 SF

Asset Type

Retail

Closing

Jan 20, 2025

AI

The Twin Creek Shopping Center, located at 3604-4102 Twin Creek Drive in Bellevue, NE, features eight retail properties with a total of approximately 83,085 square feet. This retail asset was sold for $13,600,000, translating to a price per square foot of $164.

Summary of transaction details:

The sale was facilitated by Investors Realty, where Ember Grummons represented the seller, River Village Twin Creek, LLC, while Tim Kerrigan, Grant Kobes, and Jarrot Simon represented the buyer, Classic Street Partners, LLC.

Players

Ember Grummons

Investors Realty

Broker

$71.5M

vol

6 deals

Broker

Bellevue 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

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93