Brett Berlin Of Quantum Real Estate Advisors Represents Seller In $4.2M Bloomingdale Retail Sale
125 East Lake Street
$4,200,000
$168/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Feb 6, 2025
About this deal
AI
A retail shopping center located at 125 East Lake Street in Bloomingdale, IL was sold for $4,200,000. The asset spans 25,000 square feet and had a price per square foot of $168. At the time of closing, the property was 95% leased, indicating a strong occupancy rate for the shopping center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Square Footage: 25,000
- Price Per Square Foot: $168
- Address: 125 East Lake Street
- Market: Bloomingdale
- Broker: Brett Berlin - Quantum Real Estate Advisors
Brett Berlin represented the seller in this transaction, while the buyer was an Illinois-based private investor. The new owner plans to enhance the property's value through improvements and rent growth, highlighting their strategic vision for the investment.
On the Map
$4,200,000
$168/SF
Retail
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Bloomingdale 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93