Ajit Dudani Acquires Retail Property In Milwaukee For $3.5M
SOLD
$3,500,000
Wisconsin
See Similar DealsRetail125,250 SF
Sold 07/03/2023
SOLD
Ajit Dudani Acquires Retail Property In Milwaukee For $3.5M
5656 S Packard Ave Cudahy, WI 53110, USA
See Similar DealsRetail125,250 SF
Sold 07/03/2023
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$27
Total Square Footage:125,250 SF
Transaction Type:Sale
A retail property located at 5656 South Packard Avenue in Milwaukee, WI has been sold for a price of $3,500,000. The property spans a total of 125,250 square feet, resulting in a price per square foot of $28.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 5656 South Packard Avenue, Milwaukee, WI
- Market: Milwaukee, WI
The buyer of the property is Ajit Dudani, while Jim Shapir acted as the seller. The deal was facilitated by brokers Jacob Baruch, Jonah Warshaw, and Ari Warshaw from Legacy Realty Group Advisors.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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