$12.7 Million Sale Of 1 N Main St Algonquin With Eric Bell As Buyer's Rep
1 N Main St, Algonquin, IL, 60102
$12,700,000
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
AI
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.
Players
Algonquin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93