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Marcus & Millichap Sells Dollar General Property In Albany, WI For $1.12M
SOLD
$1,124,000
Wisconsin
See Similar DealsRetail9,100 SF
Sold 07/28/2023
SOLD
Marcus & Millichap Sells Dollar General Property In Albany, WI For $1.12M
614 North Cincinnati Street Albany, Wisconsin 53502, USA
See Similar DealsRetail9,100 SF
Sold 07/28/2023
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$123
Total Square Footage:9,100 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,946.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,993.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,328.33
Annual Debt Service$63,940.00
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