Local Investor Acquires Property From FCA In Fox Lake Represented By George Spirrison
1 Nippersink BLVD, Fox Lake, IL, 60020
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 1 Nippersink BLVD, Fox Lake, IL, 60020 was sold. The market for this asset is Fox Lake, and the seller in this transaction was FCA. The sale involved a local investor as the buyer. The specific details regarding the sale price and square footage were not disclosed.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 1 Nippersink BLVD, Fox Lake, IL, 60020
- Market: Fox Lake
- Seller: FCA
- Buyer: Local Investor
- Seller's Representative: George Spirrison
George Spirrison represented the seller, FCA, in this transaction, facilitating the deal with the local investor. This representation was crucial in navigating the sale process.
Players
Fox Lake CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93