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33 E 1st St, Hinsdale, IL, ...

Frederick Lynn Haberdasshere Acquires Retail Building From Hinsdale Furriers In Hinsdale
SOLDIndustrial

Frederick Lynn Haberdasshere Acquires Retail Building From Hinsdale Furriers In Hinsdale

33 E 1st St, Hinsdale, IL, 60521

Building Size

6,563 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The property involved in the transaction is a 6,563-square-foot retail building located at 33 E 1st St in Hinsdale, IL. The property was sold by Hinsdale Furriers to Frederick Lynn Haberdasshere, a retailer specialized in hand-tailored apparel.

Summary of transaction details:

CTK Chicago Partners’ Steve Aaronson acted as the buyer’s representative for Frederick Lynn Haberdasshere in the acquisition of the retail building in Hinsdale. The sale marks a transition as Hinsdale Furriers, a long-standing company, exits the business, and the property finds a new purpose under the ownership of a retailer focusing on custom garments.

Players

Steven Aaronson

CTK Chicago Partners

Broker

1 deal

Broker

Hinsdale Industrial Market Snapshot

Boundary boundary · Industrial · 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