Marcus & Millichap Facilitates $2.3M Sale Of Retail Property In Somers, WI
3671 Market Lane
$2,300,000
$974/SF
Building Size
2,361 SF
Asset Type
Retail
Closing
Oct 18, 2023
About this deal
AI
Marcus & Millichap has facilitated the sale of a 2,361-square-foot retail property in Somers, a southern Milwaukee suburb. The property, located at 3671 Market Lane, was sold for $2.3 million, resulting in a price per square foot of $974.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,300,000
- Square Footage: 2,361
- Address: 3671 Market Lane, Somers, WI
- Market: Somers, WI
The broker involved in this transaction was Nicholas Kanich from Marcus & Millichap. Kanich played a crucial role in facilitating the sale of the retail property. This transaction highlights the strong demand for retail properties in the southern Milwaukee suburb of Somers.
Kenosha Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Nicholas Kanich to view all their deals.
Browse Kenosha retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93