Horvath & Tremblay Brokers Facilitate $1.05M Retail Sale In South Elgin, IL
1268 West Spring Street
$1,050,000
$108/SF
Building Size
9,724 SF
Asset Type
Retail
Closing
Dec 1, 2023
About this deal
AI
The retail property located at 1268 West Spring Street in South Elgin, IL has been sold. The transaction took place on 12/01/2023 for a sale price of $1,050,000. The property spans across 9,724 square feet, resulting in a price per square foot of $108.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,050,000
- Address: 1268 West Spring Street, South Elgin, IL
- Market: South Elgin, IL
- Square Footage: 9,724
- Price Per Square Foot: $108
The sale of this retail property was facilitated by Mark Heidecke and Corbin Schwartz of Horvath & Tremblay acting as brokers.
Players
South Elgin 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93