Bob Havasi & Dan Cooper Of The Cooper Commercial Investment Group Sell Lemont Retail Property For $8.1M
1202 State Street, Lemont, Illinois 60439, United States
$8,100,000
$210/SF
Building Size
38,500 SF
Asset Type
Retail
Closing
Dec 15, 2021
About this deal
AI
A retail property located at 1202-1276 State St in Lemont has been sold for $8,100,000. The property spans 38,500 square feet, resulting in a price per square foot of $210. The transaction took place on December 15, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,100,000
- Address: 1202-1276 State St, Lemont
- Market: Lemont
The sale of this retail property was facilitated by Bob Havasi and Dan Cooper of The Cooper Commercial Investment Group. They represented the buyer and seller in the transaction, acting as brokers for both parties. The deal achieved a 7.4% capitalization rate.
On the Map
$8,100,000
$210/SF
Retail
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Players
Lemont 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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93