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1620 Pebblewood Ln, Napervi...

Kevin Arora's Arora Investment Group Acquires Mixed-Use Office/Retail Property In Naperville For $1.75M
SOLDMixed-use

Kevin Arora's Arora Investment Group Acquires Mixed-Use Office/Retail Property In Naperville For $1.75M

1620 Pebblewood Ln, Naperville, IL 60563, USA

$1,750,000

$80/SF

Building Size

21,750 SF

Asset Type

Mixed-use

Closing

Dec 18, 2019

AI

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.

Players

Kevin Arora

Buyer

$6.4M

vol

3 deals

Buyer

Naperville 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93