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246 Green Bay Rd, Highwood,...

HP Ventures Group Acquires Mixed-Use Property In Highwood, IL For $11.29M
SOLDMixed-use

HP Ventures Group Acquires Mixed-Use Property In Highwood, IL For $11.29M

246 Green Bay Rd, Highwood, IL, USA

$11,290,000

$1/SF

Building Size

7,461,186 SF

Asset Type

Mixed-use

Closing

Sep 29, 2021

AI

The mixed-use property located at 246 Green Bay Rd. in Highwood, Illinois has been sold for a total price of $11,290,000. The transaction took place on September 29, 2021. The property comprises 33 units, resulting in a price per unit of approximately $342,121.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $11,290,000
  • Address: 246 Green Bay Rd., Highwood, IL
  • Market: Highwood, IL

The buyer of the property is HP Ventures Group, while the seller is Benchmark Developers. The deal was facilitated by Craig Martin from Interra Realty.

Players

Craig Martin

Interra Realty

Broker

$222.9M

vol

24 deals

Broker
HG
HP Ventures GroupBuyer
BD
Benchmark DevelopersSeller

Highwood 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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93