Kevin Arora's Arora Investment Group Acquires Mixed-Use Office/Retail Property In Naperville For $1.75M
SOLD
$1,750,000
Illinois
See Similar DealsMixed-use21,750 SF
Sold 12/19/2019
SOLD
Kevin Arora's Arora Investment Group Acquires Mixed-Use Office/Retail Property In Naperville For $1.75M
1620 Pebblewood Ln, Naperville, IL 60563, USA
See Similar DealsMixed-use21,750 SF
Sold 12/19/2019
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$80
Total Square Footage:21,750 SF
Transaction Type:Sale
The mixed-use office/retail property located at 1620 Pebblewood Lane in Naperville has been sold for $1,750,000. The property spans 21,750 square feet, resulting in a price per square foot of $84. The transaction was completed on December 19, 2019. The property includes approximately 1.3 acres of land and comes with approximately 80 parking spaces.
Summary of transaction details
- Property Type: Mixed-use Office/Retail
- Transaction Amount: $1,750,000
- Market: Naperville
- SF: 21,750
- PPSF: $84
- Buyer: Kevin Arora @KevinArora – Arora Investment Group @AroraInvestmentGroup
- Broker: The Hazur Group @TheHazurgroup
The buyer of the property is Kevin Arora, who represents the Arora Investment Group. The Hazur Group acted as the broker in this transaction.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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