Physician Real Estate Capital Advisors Acquires Office Building In Kenosha, Wisconsin For $6.2M
SOLD
$6,200,000
Wisconsin
See Similar DealsOffice19,678 SF
Sold 03/03/2022
SOLD
Physician Real Estate Capital Advisors Acquires Office Building In Kenosha, Wisconsin For $6.2M
1020 35th Street, Kenosha, Wisconsin 53140, United States
See Similar DealsOffice19,678 SF
Sold 03/03/2022
Summary
WISCONSIN
Asset Type:Office
Price Per Square Foot:$315
Total Square Footage:19,678 SF
Transaction Type:Sale
An office property located at 1020 35th Street in Kenosha, Wisconsin has been sold for a total of $6,200,000. The property spans across 19,678 square feet and was sold at a price per square foot of $315.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,200,000
- Address: 1020 35th Street, Kenosha, Wisconsin
- Market: Kenosha, Wisconsin
The sale was facilitated by Scott Niedergang from PRECAP (Physician Real Estate Capital Advisors) and Nathan Glaisner from Verde Investments, LLC.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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