$12.7 Million Sale Of 1 N Main St Algonquin With Eric Bell As Buyer's Rep
SOLD
$12,700,000
Illinois
See Similar DealsSOLD
$12.7 Million Sale Of 1 N Main St Algonquin With Eric Bell As Buyer's Rep
1 N Main St, Algonquin, IL, 60102
See Similar DealsSummary
ILLINOIS
Transaction Type:Sale
The property asset involved in the transaction is located at 1 N Main St, Algonquin, IL, 60102, within the Algonquin market. The transaction price was $12,700,000.00. The square footage of the property is recorded at 0, indicating an unspecified size in this context.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $12,700,000.00
- Address: 1 N Main St, Algonquin, IL, 60102
- Market: Algonquin
- Buyer's Representative: Eric Bell from Marcus & Millichap
- Seller's Representatives: Brett Rodgers and Frank Roti, both from Marcus & Millichap
- Buyer: Unknown
- Seller: Unknown
- Square Footage: 0
The transaction was facilitated by key individuals from Marcus & Millichap, with Eric Bell representing the buyer, while Brett Rodgers and Frank Roti represented the seller, indicating a collaborative effort from the same agency for both sides of the negotiation.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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