Jeff R. Rowlett & Matthew Gordon Of Marcus & Millichap Sell Bartlett, IL School For $7.1M
SOLD
$7,100,000
Illinois
See Similar DealsOther20,000 SF
Sold 01/04/2022
SOLD
Jeff R. Rowlett & Matthew Gordon Of Marcus & Millichap Sell Bartlett, IL School For $7.1M
2220 Southwind Boulevard, Bartlett, IL 60103
See Similar DealsOther20,000 SF
Sold 01/04/2022
Summary
ILLINOIS
Asset Type:Other
Price Per Square Foot:$355
Total Square Footage:20,000 SF
Transaction Type:Sale
A school located at 2220 Southwind Blvd in Bartlett, IL has been sold for $7,100,000. The property spans 20,000 square feet, resulting in a price per square foot of $355. The sale transaction took place on January 4, 2022.
Summary of transaction details
- Property Type: School
- Transaction Amount: $7,100,000
- Address: 2220 Southwind Blvd, Bartlett, IL
- Market: Bartlett, IL
The sale of the school was facilitated by Jeff R. Rowlett and Matthew Gordon from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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