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.
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