AmCap Acquires Retail Property In Hoffman Estates For $30M
SOLD
$30,000,000
Illinois
See Similar DealsRetail146,000 SF
Sold 08/02/2022
SOLD
AmCap Acquires Retail Property In Hoffman Estates For $30M
1015 North Roselle Road, Hoffman Estates, Illinois 60169, United States
See Similar DealsRetail146,000 SF
Sold 08/02/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$205
Total Square Footage:146,000 SF
Transaction Type:Sale
The retail property located at 1015-1067 N Roselle Rd in Hoffman Estates has been sold. The transaction took place on August 2, 2022. The property, spanning 146,000 square feet, was sold for a total price of $30,000,000, resulting in a price per square foot of $205.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Date: 08/02/2022
- Address: 1015-1067 N Roselle Rd
- Market: Hoffman Estates
AmCap, represented by Jay Kaiser, acquired the property from Brian Kosoy, who was represented by Sterling Organization. The deal was facilitated by Christian Williams from CBRE.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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