Marcus & Millichap Sells Romeoville, IL School For $6.2M With Buyer's Rep Peter Doughty & Brent Holder
SOLD
$6,200,000
Illinois
See Similar DealsOther25,000 SF
Sold 10/14/2022
SOLD
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
See Similar DealsOther25,000 SF
Sold 10/14/2022
Summary
ILLINOIS
Asset Type:Other
Price Per Square Foot:$248
Total Square Footage:25,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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