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1400 Normantown Road, Romeo...

Marcus & Millichap Sells Romeoville, IL School For $6.2M With Buyer's Rep Peter Doughty & Brent Holder
SOLDOther

Marcus & Millichap Sells Romeoville, IL School For $6.2M With Buyer's Rep Peter Doughty & Brent Holder

1400 Normantown Road, Romeoville, Illinois 60446, United States

$6,200,000

$248/SF

Building Size

25,000 SF

Asset Type

Other

Closing

Oct 13, 2022

AI

The school located at 1400 W. Normantown Road in Romeoville, IL was recently sold for $6,200,000. The transaction took place on October 14, 2022. The school has a total square footage of 25,000, resulting in a price per square foot of $248. The property was represented by Peter Doughty and Brent Holder from the agency Marcus & Millichap.

Summary of transaction details

  • Property Type: School
  • Transaction Amount: $6,200,000
  • Square Footage: 25,000
  • Price per Square Foot: $248
  • Date of Transaction: October 14, 2022
  • Address: 1400 W. Normantown Road, Romeoville, IL
  • Market: Romeoville, IL

The sale of the school was facilitated by Peter Doughty and Brent Holder, brokers from Marcus & Millichap. They played an important role in representing the parties involved in the transaction.

Players

Peter Doughty

Marcus & Millichap

Broker

$82.8M

vol

17 deals

Broker

Romeoville Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93