HP Ventures Group Acquires Mixed-Use Property In Highwood, IL For $11.29M
SOLD
$11,290,000
Illinois
See Similar DealsMixed-use7,461,186 SF
Sold 09/29/2021
SOLD
HP Ventures Group Acquires Mixed-Use Property In Highwood, IL For $11.29M
246 Green Bay Rd, Highwood, IL, USA
See Similar DealsMixed-use7,461,186 SF
Sold 09/29/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$1
Total Square Footage:7,461,186 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,111.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,520.36
Annual Debt Service$642,244.32
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