Coldwell Banker Acquires Retail Property In Winnetka For $6.76M
720 Ardsley Road
$6,760,000
$397/SF
Building Size
17,000 SF
Asset Type
—
Closing
Aug 12, 2022
About this deal
AI
The asset involved in the transaction is a retail property located at 720 Ardsley Rd in Winnetka. The transaction was completed for a sale price of $6,760,000, encompassing a total square footage of 17,000, which results in a price per square foot of $398.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,760,000
- Address: 720 Ardsley Rd
- Market: Winnetka
- Square Footage: 17,000
- Price per Square Foot: $398
The buyer's representative for this transaction was Katie Moor from Coldwell Banker, while the seller was represented by Sarah Elder Lyons from Compass Real Estate Winnetka.
On the Map
$6,760,000
$397/SF
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Players
Winnetka 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93