Mixed-Use Building In Winfield, IL Sold For $2.25M With Brokers Jennifer Hopkins & Olivia Czyzynski
0S050 Winfield Rd Winfield, IL 60190, USA
$2,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 1, 2023
AI
A mixed-use building in Winfield, IL, has been sold for $2.25 million. The property, located at 0S050 Winfield Road, features a fully leased ground floor with retail and restaurant tenants. The buyer intends to convert the vacant second floor into medical office suites. The deal was facilitated by Jennifer Hopkins and Olivia Czyzynski, brokers from SVN Chicago Commercial, who have also been retained for leasing.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,250,000
- Market: Winfield
- Brokers: Jennifer Hopkins & Olivia Czyzynski - SVN Chicago Commercial
Jennifer Hopkins and Olivia Czyzynski, representing SVN Chicago Commercial, played a key role in the sale of the Winfield mixed-use building. With their expertise and assistance, the buyer plans to repurpose the second floor of the building into medical office suites, expanding the property's potential uses. The brokers have also been entrusted with the task of leasing the newly converted spaces, further demonstrating their commitment to the successful completion of the transaction.
Players
Winfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93