facebook
Traded Co logo
Submit
Daily limit: 0/10

Wayfarer Foundation Acquires Commercial Building In Wilmette For $1.5M

Property Image
SOLD
$1,525,000

Illinois

See Similar Deals
Commercial7,260 SF
Sold 08/25/2023
the dealplayerscompscontact
Property Image
SOLD

Wayfarer Foundation Acquires Commercial Building In Wilmette For $1.5M

340 Linden Ave Wilmette, IL 60091, USA

See Similar Deals
Commercial7,260 SF
Sold 08/25/2023
Contact now

Summary

ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$210
Total Square Footage:7,260 SF
Transaction Type:Sale

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.

Players

Wayne Caplan
13 deals$59.9M volume(312) 529-5791
BROKER

Details

SOLD
IMAGE: Wayne Caplan & Steve Sarowitz DATE: 08/25/2023 ADDRESS: 340 Linden Avenue MARKET: Wilmette ASSET TYPE: Commercial BUYER: Wayfarer Foundation (@wayfarerfoundation) - Steve Sarowitz BROKERS: Wayne Caplan (@WayneCaplan) - SVN Chicago Commercial (@svn_chicago) SALE PRICE: $1,525,000 SF: 7,260 ~ PPSF: $210 NOTE: Wayne Caplan of SVN Chicago Commercial sold a 7,260 sq ft commercial building on a 10,000 sq ft site at 340 Linden in Wilmette, Illinois, to the Wayfarer Foundation for $1,525,000. The site, located in Wilmette's Linden Square commercial district, will become the foundation's future headquarters, situated near the CTA Linden Purple Line station.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34