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Ember Grummons Represents Seller River Village Twin Creek LLC In $13.6M Twin Creek Shopping Center Sale
SOLD
Nebraska
See Similar DealsRetail83,085 SF
Sold 01/20/2025
SOLD
Ember Grummons Represents Seller River Village Twin Creek LLC In $13.6M Twin Creek Shopping Center Sale
3604 Twin Creek Drive
See Similar DealsRetail83,085 SF
Sold 01/20/2025
Summary
NEBRASKA
Asset Type:Retail
Price Per Square Foot:$163
Total Square Footage:83,085 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$725,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,317.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,470.94
Annual Debt Service$773,651.26
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