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Sale · Retail

Updated Dec 4, 2024

$10.2M Sale Of Fully Leased Westview Center In Streamwood, IL Represented By Marcus & Millichap
SOLDRetail

$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

Chris Lind

Marcus & Millichap

Broker

$230.3M

vol

36 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $88 per square foot on a published $10.2M for 114,735 square feet (2023).

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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

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