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Ten Patels Realty Sells Delavan Crossings Retail Center In Delavan WI For $9.7M

Property Image
SOLD
$9,700,000
Sean Sharko
Austin Weisenbeck
Adrian Mendoza

Wisconsin

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Retail41,898 SF
Sold 02/03/2025
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Property Image
SOLD

Ten Patels Realty Sells Delavan Crossings Retail Center In Delavan WI For $9.7M

2113 East Geneva Street

See Similar Deals
Retail41,898 SF
Sold 02/03/2025
Sean Sharko
Austin Weisenbeck
Adrian Mendoza
the dealplayerscompscontact
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Summary

WISCONSIN
Asset Type:Retail
Price Per Square Foot:$231
Total Square Footage:41,898 SF
Transaction Type:Sale

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.

Players

Adrian Mendoza
Marcus & Millichap
Adrian Mendoza
23 deals$164.2M volume(630) 570-2163
BROKER
Austin Weisenbeck
Marcus & Millichap
Austin Weisenbeck
51 deals$308.4M volume
BROKER
Sean Sharko
Marcus & Millichap
Sean Sharko
76 deals$407.7M volume
BROKER

Details

SOLD
IMAGE: 02/03/2025 ADDRESS: 2113 Geneva Street MARKET: Delavan, WI ASSET TYPE: Retail SELLER: Ten Patels Realty BROKERS: Adrian Mendoza, Austin Weisenbeck & Sean Sharko - Marcus & Millichap SALE PRICE: $9,700,000 SF: 41,898 ~ PPSF: $232 NOTE: Marcus & Millichap brokered the $9.7M sale of Delavan Crossings, a 41,898-square-foot retail center in Delavan, WI, with tenants including Starbucks and Domino's. The seller, Ten Patels Realty, was represented by Jeff Rowlett, while the buyer, a private investor, was procured by Adrian Mendoza, Sean Sharko, and Austin Weisenbeck, who also secured financing.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
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