Updated Dec 21, 2023
Okan Avcilar, Tolga Ustamehmetoglu, And Jason Lalchan Acquire Retail Property On Main St In Sturgis For $5.5M
1304 Main Street, Sturgis, South Dakota 57785, United States
$5,500,000
Building Size
—
Asset Type
Retail
Closing
Dec 19, 2021
About this deal
AI
The retail property located at 1304 Main St in Sturgis, SD has been sold for a total price of $5,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Buyer: Okan Avcilar, Tolga Ustamehmetoglu, and Jason Lalchan
- Seller: Peter D. Gold
- Date: 12/20/2021
- Address: 1304 Main St, Sturgis, SD
- Market: Sturgis, SD
The buyers in this transaction are Okan Avcilar, Tolga Ustamehmetoglu, and Jason Lalchan.
The retail sale at 1304 Main Street, Sturgis, South Dakota 57785, United States in Sturgis, South Dakota sold for $5.5M in 2021. 1304 Main Street, Sturgis, South Dakota 57785, United States is classified as Retail on Traded. This page is the Sturgis, South Dakota file for the 1304 Main Street, Sturgis, South Dakota 57785, United States retail sold: pricing, party profiles, and other closed retail comps from the same Sturgis sit in the Market section below. Filter that Sturgis retail set by closing date to see what else sold near 1304 Main Street, Sturgis, South Dakota 57785, United States around 2021. Published consideration for 1304 Main Street, Sturgis, South Dakota 57785, United States is $5.5M, dated 2021. Cite this Okan Avcilar, Tolga Ustamehmetoglu, And Jason Lalchan Acquire Retail Property On Main St In Sturgis For $5.5M sale when underwriting similar retail product around Sturgis, South Dakota.
Players
Sturgis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93