CIMA Investors LLC Acquires Property In Aurora For $7.5 Million With Joe Scheck As Buyer's Rep
1180 N Farnsworth Ave, Aurora, IL, 60...
$7,500,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 1180 N Farnsworth Ave, Aurora, IL. It was sold for a price of $7,500,000.00, with no square footage specified in the details. The market for this property is identified as Aurora.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,500,000.00
- Address: 1180 N Farnsworth Ave, Aurora, IL
- Market: Aurora
- Buyer's Representative: Joe Scheck-Essex Realty Group
- Buyer: CIMA Investors LLC
- Seller: Not specified
- Square Footage: 0
This transaction highlights Joe Scheck's role as the representative for the buyer, CIMA Investors LLC, facilitating the deal in the Aurora market. Specific details regarding the seller have not been disclosed.
On the Map
$7,500,000
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Players
Aurora 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93