Jarold Klien Purchases Retail Property From 1031 Seller In Wausau For $2.92M
306 S 18th Ave
$2,920,000
Building Size
—
Asset Type
Retail
Closing
Jul 2, 2021
About this deal
AI
The transaction involved a retail property located at 306 S 18th Ave in Wausau. The sale was finalized at a price of $2,920,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,920,000.00
- Sale Date: 07/02/2021
- Buyer: Jarold Klien
- Seller: 1031 Seller
- Brokers: Taylor Avakian - Lyon Stahl Investment Real Estate
Taylor Avakian represented Lyon Stahl Investment Real Estate in the transaction, assisting the buyer, Jarold Klien, in the acquisition of the retail property from the seller, 1031 Seller.
The retail sale at 306 S 18th Ave in Wausau, Wisconsin sold for $2.9M in 2021. 306 S 18th Ave is classified as Retail on Traded. Taylor Avakian, Lyon Stahl Investment Real Estate appear on the sale alongside Lyon Stahl Investment Real Estate. This page is the Wausau, Wisconsin file for the 306 S 18th Ave retail sold: pricing, party profiles, and other closed retail comps from the same Wausau sit in the Market section below. Filter that Wausau retail set by closing date to see what else sold near 306 S 18th Ave around 2021. Published consideration for 306 S 18th Ave is $2.9M, dated 2021. Cite this Jarold Klien Purchases Retail Property From 1031 Seller In Wausau For $2.92M sale when underwriting similar retail product around Wausau, Wisconsin.
On the Map
$2,920,000
Retail
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Players
Wausau 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
5.43%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93