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Brett Berlin Of Quantum Real Estate Advisors Represents Buyer In $3.9M Buffalo Grove Retail Sale

Property Image
SOLD
$3,900,000

Illinois

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Retail94,000 SF
Sold 11/14/2024
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Property Image
SOLD

Brett Berlin Of Quantum Real Estate Advisors Represents Buyer In $3.9M Buffalo Grove Retail Sale

1202 West Dundee Road

See Similar Deals
Retail94,000 SF
Sold 11/14/2024
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$41
Total Square Footage:94,000 SF
Transaction Type:Sale

The property involved in this transaction is a shopping center located at 1202-1300 West Dundee Road in Buffalo Grove. The retail asset encompasses 94,000 square feet and was sold for $3,900,000, translating to a price per square foot of $41. The center was 51% leased to tenants including Aldi, Dollar Tree, and AutoZone.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,900,000
  • Square Footage: 94,000
  • Address: 1202-1300 West Dundee Road
  • Market: Buffalo Grove
  • Price per Square Foot: $41
  • Leased Percentage: 51%
  • Tenants: Aldi, Dollar Tree, AutoZone

Brett Berlin of Quantum Real Estate Advisors represented the Illinois-based buyer in this transaction. The buyer intends to redevelop the property that was acquired from the lender.

Players

Brett Berlin
Quantum Real Estate Advisors
Brett Berlin
12 deals$55.2M volume(312) 683-9923
BROKER

Details

SOLD
IMAGE: Brett Berlin DATE: 11/14/2024 ADDRESS: 1202-1300 West Dundee Road MARKET: Buffalo Grove ASSET TYPE: Retail BROKER: Brett Berlin (@Berlin_Brett) - Quantum Real Estate Advisors (@QREAdvisors_Inc) SALE PRICE: $3,900,000 SF: 94,000 ~ PPSF: $41 NOTE: Quantum Real Estate Advisors facilitated the $3.9 million sale of a 94,000-square-foot shopping center in Buffalo Grove, IL, which was 51% leased to tenants like Aldi, Dollar Tree, and AutoZone. Brett Berlin represented the Illinois-based buyer, who plans to redevelop the lender-acquired property.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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