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
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