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John Rodger Acquires Retail Property From Richard Yuspeh In Kenosha For $27.6M

Property Image
SOLD
$27,600,000
Jonah Warshaw
Jacob Baruch
+ 1

Wisconsin

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Retail199,217 SF
Sold 04/03/2024
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Property Image
SOLD

John Rodger Acquires Retail Property From Richard Yuspeh In Kenosha For $27.6M

5710 75th St

See Similar Deals
Retail199,217 SF
Sold 04/03/2024
Jonah Warshaw
Jacob Baruch
+ 1
Contact now

Summary

WISCONSIN
Asset Type:Retail
Price Per Square Foot:$138
Total Square Footage:199,217 SF
Transaction Type:Sale

The retail property located at 5710 75th St in Kenosha, WI, was sold for $27,600,000. Spanning 199,217 square feet, the property was transacted at a price per square foot of $139.

Summary of transation details:

The deal involved key individuals such as John Rodger as the buyer, Richard Yuspeh as the seller, and brokers Daniel Baruch, Jacob Baruch, and Jonah Warshaw from Legacy Realty Group. Mindy Bergman from Meridian Capital Group acted as the mortgage broker facilitating the transaction.

Players

Jacob Baruch
39 deals$551.8M volume
BROKER

Daniel Baruch
Legacy Realty Group Advisors
25 deals$525.8M volume
BROKER

Jonah Warshaw
Legacy Realty Group Advisors
20 deals$192.1M volume
BROKER

Mindy Bergman
Meridian Capital Group
7 deals$91.2M volume(212) 612-0260
BROKER

Details

SOLD
IMAGE: Jacob Baruch, Daniel Baruch, Jonah Warshaw & Mindy Bergman DATE: 04/03/2024 ADDRESS: 5710 75th St MARKET: Kenosha, WI ASSET TYPE: Retail BUYER: John Rodger SELLER: Richard Yuspeh BROKERS: Daniel Baruch, Jacob Baruch & Jonah Warshaw - Legacy Realty Group MORTGAGE BROKER: Mindy Bergman (@MindyBergman81) - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $27,600,000 SF: 199,217 ~ PPSF: $139

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,471,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$98,056.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,838.08
Annual Debt Service$1,570,056.97