CCEEAA Group, LLC Buys Office Condo Suite At 201 S Grove Ave, Barrington
201 S Grove Ave, Barrington Hills, IL...
Building Size
11,000 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property involved in the sales transaction is an 11,000-square-foot office condo suite located at 201 S. Grove Street in Barrington, Illinois. The suite is situated in the BMO Bank building, adjacent to the Barrington Metra Train Station. Substantial building common area renovations are currently underway at the property.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not provided
- Address: 201 S Grove Ave, Barrington Hills, IL
- Market: Barrington
- Seller's Rep: Randy Olczyk(Chicagoland Commercial Real Estate), Thomas (Tom) Callahan(Chicagoland Commercial Real Estate)
- Buyer: CCEEAA Group, LLC
- Seller: 201 S. Grove, LLC
In this transaction, Spring Creek Realty represented the buyer, CCEEAA Group, LLC, in the acquisition of the office condo suite. The property offers office condo suites for sale, ranging from 3,800 to 11,000 square feet.
Players
Barrington Commercial Market Snapshot
Boundary boundary · Commercial · 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