JLL Secures $15.68M Loan For Retail Property At 1300 S. Milwaukee Avenue In Libertyville
1300 South Milwaukee Avenue, Libertyville, IL, USA
$15,680,000
$106/SF
Building Size
147,840 SF
Asset Type
Retail
Closing
Oct 21, 2020
About this deal
AI
Located at 1300 S. Milwaukee Avenue in Libertyville, this retail property spans an impressive 147,840 square feet. The recent transaction involving this asset took place on October 22, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,680,000
- Market: Libertyville
- Landlord: Sterling Organization
The deal was facilitated by JLL, with Christopher Drew, Brian Gaswirth, Christopher Knight, and Michael DiCosimo from their team representing the various parties. Along with JLL, an insurance company provided a non-recourse loan of $15,680,000 for a duration of 10 years, enabling the completion of the transaction.
On the Map
$15,680,000
$106/SF
Retail
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Players
Vernon Hills Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93