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
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