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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $13,600,000
- Square Footage: 83,085
- Address: 3604-4102 Twin Creek Drive
- Market: Bellevue, NE
- Seller: River Village Twin Creek, LLC
- Buyers: Classic Street Partners, LLC
- Brokers: Grant Kobes, Jarrot Simon, Tim Kerrigan & Ember Grummons - Investors Realty
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.
On the Map
$13,600,000
$163/SF
Retail
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Players
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