Devo Properties Acquires Retail Property In Mequon, WI For $6.25M
11300 N Port Washington Road Mequon, Wisconsin 53092, USA
$6,250,000
$147/SF
Building Size
42,300 SF
Asset Type
Retail
Closing
Jun 2, 2023
About this deal
AI
The retail property located at 11300 N Port Washington Road in Mequon, WI has been sold for a total price of $6,250,000. The property has a size of 42,300 square feet, resulting in a price per square foot of $148. The transaction took place on 06/02/2023.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,250,000
The buyer of the property is Devo Properties, represented by Greg Devorskins. The broker involved in the deal is Peter Glaser from CBRE.
On the Map
$6,250,000
$147/SF
Retail
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Players
Mequon 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93