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

Updated Oct 29, 2024

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

About this deal

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

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