Illinois Private Investor Acquires Retail Center In Plainfield For $9 Million With Brett Berlin's Representation
12337 Illinois Highway 59
$9,000,000
$163/SF
Building Size
55,073 SF
Asset Type
Retail
Closing
Aug 13, 2025
AI
A retail center located at 12337 S Route 59 in Plainfield was sold for $9,000,000. The property consists of 55,073 square feet and boasts a lease occupancy of 97%. It was purchased by a private investor from Illinois from a local family development firm.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 55,073
- Price Per Square Foot: $163
- Market: Plainfield
- Broker: Brett Berlin - Quantum Real Estate Advisors
Quantum Real Estate Advisors, represented by Brett Berlin, successfully facilitated the sale of the retail center. The transaction involved a private investor based in Illinois acquiring the property from a local family development firm.
Players
Plainfield 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93