Ten Patels Realty Sells Delavan Crossings Retail Center In Delavan WI For $9.7M
2113 East Geneva Street
$9,700,000
$231/SF
Building Size
41,898 SF
Asset Type
Retail
Closing
Feb 3, 2025
About this deal
AI
A 41,898-square-foot retail center known as Delavan Crossings was sold for $9,700,000. The property is located at 2113 Geneva Street in Delavan, WI, and features tenants including Starbucks and Domino's. The price per square foot for the transaction was $232.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,700,000
- Address: 2113 Geneva Street
- Market: Delavan, WI
- Square Footage: 41,898
- Price Per Square Foot: $232
- Seller: Ten Patels Realty
- Buyer: Private investor
- Broker Representatives: Adrian Mendoza, Austin Weisenbeck & Sean Sharko - Marcus & Millichap
- Seller’s Representative: Jeff Rowlett
The sale was brokered by Marcus & Millichap, with the team including Adrian Mendoza, Sean Sharko, and Austin Weisenbeck, who also helped secure financing for the buyer. The transaction highlights the collaborative efforts of the brokerage in successfully facilitating this deal.
On the Map
$9,700,000
$231/SF
Retail
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Players
Delavan 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93