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6401 East Kenosha Street Br...

Marcus & Millichap Sells Dollar General Property In Broken Arrow, OK For $1.1M
SOLDRetail

Marcus & Millichap Sells Dollar General Property In Broken Arrow, OK For $1.1M

6401 East Kenosha Street Broken Arrow, Oklahoma 74014, USA

$1,110,000

$123/SF

Building Size

9,026 SF

Asset Type

Retail

Closing

Jul 19, 2023

AI

Marcus & Millichap has facilitated the sale of a retail property located at 6401 E Kenosha Street in Broken Arrow, Oklahoma. The property, a 9,026-square-foot net-leased asset, was sold for $1,110,000. The sale was announced by Marcus & Millichap, with Dollar General as the tenant occupying the property.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,110,000
  • Square Footage: 9,026
  • Price per Square Foot: $123
  • Address: 6401 E Kenosha Street
  • Market: Broken Arrow, OK

Karl Hinkel, Dan Yozwiak, Darpan Patel, and Robby Pfeiffer, representing Marcus & Millichap, served as the brokers in this transaction. They played a pivotal role in facilitating the sale of the Dollar General property. With their expertise, they successfully negotiated the deal, enabling the buyer and seller to reach an agreement.

The sale of the 9,026-square-foot net-leased property, located at 6401 E Kenosha Street in Broken Arrow, Oklahoma, marks a significant transaction in the retail market. The involvement of Marcus & Millichap, represented by Karl Hinkel, Dan Yozwiak, Darpan Patel, and Robby Pfeiffer, showcases their proficiency in facilitating successful deals in the commercial real estate sector.

Players

Darpan Patel

Marcus & Millichap

Broker

$61.4M

vol

19 deals

Broker

Broken Arrow 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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93