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2113 East Geneva Street

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

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

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:

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

Broker

$206.2M

vol

24 deals

Broker

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