Marcus & Millichap Brokers Sell Retail Property On Butterfield Road In Wheaton For $7.3M
1101 Butterfield Rd, Wheaton, Illinois 60189, United States
$7,300,000
$92/SF
Building Size
79,151 SF
Asset Type
Retail
Closing
Jan 30, 2021
About this deal
AI
The retail property located at 1101 Butterfield Road in Wheaton was recently sold for $7,300,000. The property has a total square footage of 79,151, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Retail
- Sale Price: $7,300,000
- Square Footage: 79,151
- Price per Square Foot: $92
- Date: 01/31/2021
- Market: Wheaton
The sale was facilitated by Marcus & Millichap, with Adrian Mendoza, Austin Weisenbeck, Sean Sharko, and Kevin Wiersema representing the brokerage. Their expertise and guidance were instrumental in completing this transaction successfully.
Players
Wheaton 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93