$10.2M Sale Of Fully Leased Westview Center In Streamwood, IL Represented By Marcus & Millichap
$10,200,000
$88/SF
Building Size
114,735 SF
Asset Type
Retail
Closing
Nov 10, 2023
About this deal
AI
A limited liability company has sold Westview Center, a fully leased retail property located at 1000–1090 South Barrington Road in Streamwood, a northwest suburb of Chicago. The property spans 114,735 square feet and was sold for a total price of $10,200,000, translating to a price per square foot of $89.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,200,000
- Square Footage: 114,735
- Price per Square Foot: $89
- Address: 1000–1090 South Barrington Road, Streamwood
- Market: Streamwood
Represented by Brennan Clegg, Chris Lind, and Mark Ruble from Marcus & Millichap, a Midwest-based private investment group has acquired Westview Center. Austin Weisenbeck and Sean Sharko represented the seller, the limited liability company.
NOTE: The sale of Westview Center was brokered by Marcus & Millichap. The buyer, representing a Midwest-based private investment group, was advised by Mark Ruble, Chris Lind, and Brennan Clegg. The seller, a limited liability company, was represented by Austin Weisenbeck and Sean Sharko.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93