Wayfarer Foundation Acquires Commercial Building In Wilmette For $1.5M
340 Linden Ave Wilmette, IL 60091, USA
$1,525,000
$210/SF
Building Size
7,260 SF
Asset Type
Commercial
Closing
Aug 25, 2023
AI
A 7,260 square foot commercial building located at 340 Linden Avenue in the Wilmette's Linden Square commercial district has been sold for $1,525,000. The Wayfarer Foundation, represented by Steve Sarowitz, has acquired the property, which sits on a 10,000 square foot site. The building will serve as the foundation's future headquarters and is conveniently situated near the CTA Linden Purple Line station.
Summary of transation details
- Property Type: Commercial
- Transaction Amount: $1,525,000
- Square Footage: 7,260
- Price per Square Foot: $210
- Address: 340 Linden Avenue, Wilmette, Illinois
- Market: Wilmette
The sale of the commercial property at 340 Linden Avenue was facilitated by Wayne Caplan of SVN Chicago Commercial, who represented the seller. The buyer, Wayfarer Foundation, was represented by Steve Sarowitz. This transaction marks an important development for the foundation as they secure a new headquarters in Wilmette's thriving commercial district. The location's proximity to the CTA Linden Purple Line station provides convenient access for employees and visitors.
Wilmette 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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93