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825 East Green Bay Avenue, ...

Kamin Realty Company Acquires Retail Property In Saukville, WI For $7.2M
SOLDRetail

Kamin Realty Company Acquires Retail Property In Saukville, WI For $7.2M

825 East Green Bay Avenue, Saukville, Wisconsin 53080, United States

$7,200,000

$59/SF

Building Size

122,000 SF

Asset Type

Retail

Closing

Jun 29, 2022

AI

Located at 825 E Green Bay Avenue in Saukville, WI, this retail property was recently sold in a closed transaction. The property spans an area of 122,000 square feet, with a price per square foot of $59. The sale was facilitated by Samuel Finkler, Audley Clarke, and Andrew Hyans of TrueRate Services, representing the buyer, Kamin Realty Company.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $7,200,000
  • Address: 825 E Green Bay Avenue, Saukville, WI
  • Market: Saukville, WI

TrueRate Services Investment Sales successfully marketed this property on behalf of the seller. Prior attempts to sell the property with various brokerages were unsuccessful in meeting the desired pricing goals. However, with a data-driven and tech-leading approach, TrueRate Services generated multiple offers for the seller within a few weeks. Eventually, they achieved the desired pricing goal and secured an offer equal to the asking price, accompanied by favorable terms. Throughout the transaction, the competitive nature of the offers ensured that there were no renegotiations while the property was under contract.

Players

Samuel Finkler

Besen Partners

Broker

$151.1M

vol

33 deals

Broker

Saukville 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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93