Old National Bank Provides $9.375M Loan For Retail Property In Elmhurst IL
559 North York Street
$9,375,000
$126/SF
Building Size
74,000 SF
Asset Type
Retail
Closing
Dec 7, 2022
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,375,000
- Address: 559-611 N York Street, Elmhurst, IL
- Market: Elmhurst, IL
- Lender: Old National Bank
- Landlord: Brookline Real Estate
- Broker: Matthew Stearns - Black Bear Capital Partners
The retail loan at 559 North York Street in Elmhurst, Illinois financed for $9.4M in 2022. The building is 74,000 square feet, implying about 126 per square foot on the published price. Matthew (Matt) Stearns, Black Bear Capital Partners, Brookline Real Estate appear on the loan alongside Black Bear Capital Partners, Brookline Real Estate. This page is the Elmhurst, Illinois file for the 559 North York Street retail financed: pricing, party profiles, and other closed retail comps from the same Elmhurst sit in the Market section below. Filter that Elmhurst retail set by closing date to see what else financed near 559 North York Street around 2022. Published consideration for 559 North York Street is $9.4M, dated 2022. Cite this Old National Bank Provides $9.375M Loan For Retail Property In Elmhurst IL loan when underwriting similar retail product around Elmhurst, Illinois.
Players
Elmhurst 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93