Marcus & Millichap Sells Dollar General Property In Albany, WI For $1.12M
614 North Cincinnati Street Albany, Wisconsin 53502, USA
$1,124,000
$123/SF
Building Size
9,100 SF
Asset Type
Retail
Closing
Jul 28, 2023
AI
Marcus & Millichap has announced the sale of a 9,100-square-foot retail property located at 614 N Cincinnati St in Albany, Wisconsin. The property, which is a Dollar General store, was sold for a total of $1,124,000. This means the price per square foot for this transaction was $124.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,124,000
- Square Footage: 9,100
- Address: 614 N Cincinnati St, Albany, WI
- Market: Albany, WI
The sale was brokered by Mitch Grant and Nicholas Kanich from Marcus & Millichap. They represented both the buyer and the seller in this transaction, showcasing their expertise in retail property deals.
Players
Albany 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
14.11%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93