Imperial Realty Acquires Mixed-Use Property In Barrington, IL For $5.4M

The mixed-use property located at 201 S Grove Avenue in Barrington, IL has been sold for a price of $5,400,000. The transaction was facilitated by Drew Neems and Theron May of Imperial Realty, representing the buyer, and Randy Blankstein and Jimmy Goodman of Boulder Group, representing the seller. The property spans a total area of 30,561 square feet, resulting in a price per square foot of $177. The sale was finalized on July 12, 2021, with a capitalization rate of 8.32%.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,400,000
• Square Footage: 30,561
• Price per Square Foot: $177
• Buyer's Rep: Drew Neems & Theron May - Imperial Realty
• Seller's Rep: Randy Blankstein & Jimmy Goodman - Boulder Group
• Transaction Date: July 12, 2021
• Market: Barrington, IL
• Capitalization Rate: 8.32%

The successful transaction of the property was overseen by the buyer's representatives, Drew Neems and Theron May of Imperial Realty, and the seller's representatives, Randy Blankstein and Jimmy Goodman of Boulder Group. The sale represents a significant investment opportunity in the Barrington, IL market, with a strong capitalization rate of 8.32%.