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
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.
Players
Winnetka 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93