Marcus & Millichap Capital Secures $4.1M Loan For Carillon Court Retail In Romeoville
444 Weber Road
$4,100,000
$137/SF
Building Size
29,891 SF
Asset Type
Retail
Closing
Jul 22, 2025
AI
The asset involved in this transaction is a retail property located at 444 Weber Road in Romeoville, Illinois. This property encompasses a total square footage of 29,891 and is part of the Romeoville market. The financing secured for this property stands at $4,100,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Loan Terms: 3-year loan with a market interest rate, one year of interest only, and a 25-year amortization schedule.
- Broker: Dean Giannakopoulos - Marcus & Millichap
The deal included financing secured by Marcus & Millichap Capital for Carillon Court through a local bank, representing a private client. The strategic refinancing aims to enhance cash flow through the outlined loan parameters.
Players
Romeoville 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93