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201 S Grove Ave, Barrington...

CCEEAA Group, LLC Buys Office Condo Suite At 201 S Grove Ave, Barrington
SOLDCommercial

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

Randy Olczyk

Chicagoland Commercial Real Estate

Broker

$2.9M

vol

14 deals

Broker

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