Sperry Equities Acquires Aurora Commons Retail Center In Aurora, Illinois For $9M
1272 North Lake Street
$9,000,000
$71/SF
Building Size
125,826 SF
Asset Type
Retail
Closing
Dec 6, 2023
About this deal
AI
Sperry Equities, represented by Burton Young, has acquired the Aurora Commons retail center in Aurora, Illinois. The property, located at 1272 North Lake Street, spans 125,826 square feet. The purchase price for the shopping center was $9 million, resulting in a price per square foot of $72. The retail center is anchored by Ross Dress for Less, DD’s Discounts, and Cermak Fresh Market. At the time of the sale, the center was 75 percent leased.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- SF: 125,826
- PPSF: $72
- Address: 1272 North Lake Street
- Market: Aurora
The buyer, Sperry Equities, was represented by broker Burton Young. The seller in the transaction was DRA Advisors, represented by David Luski. The deal was facilitated with the assistance of brokers Caity Tirakian, Keely Polczynski, and Michael Nieder from JLL.
On the Map
$9,000,000
$71/SF
Retail
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Players
Aurora 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