Marcus & Millichap Sells Elk Grove Village Retail Property For $4M
1200 Devon Avenue, Elk Grove Village, IL, USA
$4,000,000
$109/SF
Building Size
36,395 SF
Asset Type
Retail
Closing
Oct 2, 2020
About this deal
AI
The retail property located at 1200 Devon Avenue in Elk Grove Village was recently sold for a price of $4,000,000. The property spans a total of 36,395 square feet, resulting in a price per square foot of $110. The sale took place on 10/03/2020, and it was facilitated by Dominic Sulo of Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 36,395
- Price per Square Foot: $110
- Address: 1200 Devon Avenue, Elk Grove Village
- Market: Elk Grove Village
Dominic Sulo of Marcus & Millichap served as the broker in this transaction. Their expertise and representation played a crucial role in the successful sale of the retail property.
Elk Grove Village Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Dominic Sulo to view all their deals.
Browse Illinois retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93