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200 Division Street

Hastings Properties LLC Acquires Northpoint Shopping Center In Stevens Point For $8.15M
SOLDRetail

Hastings Properties LLC Acquires Northpoint Shopping Center In Stevens Point For $8.15M

200 Division Street

$8,150,000

$129/SF

Building Size

62,956 SF

Asset Type

Retail

Closing

May 29, 2026

AI

The property sold is a retail asset located at 200 Division Street in Stevens Point, WI, comprising 4.21 acres and featuring a total square footage of 62,956. The sale was completed for a transaction amount of $8,150,000, translating to a price per square foot of $129.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,150,000
  • Address: 200 Division Street
  • Market: Stevens Point, WI
  • Square Footage: 62,956
  • Price per Square Foot: $129
  • Buyer: Hastings Properties LLC
  • Broker: Daniel Bowar - Marcus & Millichap

Daniel Bowar from Marcus & Millichap facilitated the transaction, which involved the sale of Northpoint Shopping Center, a fully leased retail strip comprising 11 suites.

Players

Daniel Bowar

Marcus & Millichap

Broker

$38.5M

vol

7 deals

Broker

Stevens Point 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

1.95%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93