John Rodger Acquires Retail Property From Richard Yuspeh In Kenosha For $27.6M
5710 75th St
$27,600,000
$138/SF
Building Size
199,217 SF
Asset Type
Retail
Closing
Apr 3, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $27,600,000
- Buyer: John Rodger
- Seller: Richard Yuspeh
- Brokers: Daniel Baruch, Jacob Baruch & Jonah Warshaw - Legacy Realty Group
- Mortgage Broker: Mindy Bergman - Meridian Capital Group
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
Kenosha 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93