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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: Hinsdale
- Square Footage: 6563
- Buyer: Frederick Lynn Haberdasshere
- Seller: Hinsdale Furriers
- Buyer's Representative: Steven Aaronson (CTK Chicago Partners)
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
Hinsdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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