Elm Holdings 1 LLC Sells Retail Center In Wisconsin Rapids For $2.87 Million With Marcus & Millichap
4321 8th Street South & 4323 8th Street South
$2,870,000
Building Size
—
Asset Type
Retail
Closing
Apr 22, 2025
AI
A retail asset consisting of two buildings with six suites located at 4321 8th Street South and 4323 8th Street South in Wisconsin Rapids, WI has been sold. The transaction was completed at a total sale price of $2,870,000. The property occupies a total area of 1.6 acres and boasts 100% occupancy, positioned near a Walmart location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,870,000
- Address: 4321 8th Street South & 4323 8th Street South
- Market: Wisconsin Rapids, WI
- Acres: 1.6
- Seller: Elm Holdings 1 LLC
- Buyer's Representative: Jesse Schluter - Wisconsin Commercial Real Estate
- Seller's Representative: Jeff R. Rowlett - Marcus & Millichap
The transaction was facilitated by Jeff R. Rowlett representing the seller, Elm Holdings 1 LLC, through Marcus & Millichap, while Jesse Schluter represented the buyer in the deal. The property was noted for its prime location and full occupancy at the time of sale.
Players
Wisconsin Rapids 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
5.53%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93