Corbin Schwartz & Mark Heidecke Sell Retail Property In South Elgin For $3.2M
1275 West Spring Street & 1225 West Spring Street
$3,200,000
$105/SF
Building Size
15,209 SF
Asset Type
Retail
Closing
Jun 13, 2024
About this deal
AI
The retail property located at 1275 & 1225 West Spring Street in South Elgin has been sold for $3,200,000. The property spans 15,209 square feet, resulting in a price per square foot of $210.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 1275 & 1225 West Spring Street
- Market: South Elgin
The sale of this retail property was facilitated by brokers Mark Heidecke & Corbin Schwartz from Horvath & Tremblay. They played a crucial role in closing the deal for this asset.
Players
South Elgin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Mark Heidecke to view all their deals.
Browse South Elgin retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93