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Universal Metro Asian Services Purchases Retail Property In Carol Stream For $1.5 Million

Property Image
SOLD
$1,500,000
Rick Scardino
Jimmy Danaher
Brendan Reedy

Illinois

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Retail4,500 SF
Sold 10/24/2024
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Property Image
SOLD

Universal Metro Asian Services Purchases Retail Property In Carol Stream For $1.5 Million

1275 North County Farm Road

See Similar Deals
Retail4,500 SF
Sold 10/24/2024
Rick Scardino
Jimmy Danaher
Brendan Reedy
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$333
Total Square Footage:4,500 SF
Transaction Type:Sale

The property involved in this transaction is a 4,500-square-foot former bank located at 1275 North County Farm Road in Carol Stream, IL. The transaction was completed for a total price of $1,500,000, translating to a price per square foot of $333.

Summary of transaction details:

UMAS's intention is to transform the acquired property into a state-of-the-art adult day care facility. Lee & Associates facilitated the entire sales process on behalf of the buyer.

Players

Rick Scardino
Lee & Associates
Rick Scardino
21 deals$11.8M volume
BROKER
Jimmy Danaher
Mid-America Real Estate Group
Jimmy Danaher
2 deals$1.5M volume(312) 540-4601
BROKER
Brendan Reedy
Mid-America Real Estate Group
Brendan Reedy
1 deal$1.5M volume(630) 954-7390
BROKER

Details

SOLD
IMAGE: Rick Scardino, Brendan Reedy & Jimmy Danaher DATE: 10/24/2024 ADDRESS: 1275 North County Farm Road MARKET: Carol Stream ASSET TYPE: Retail BUYER: Universal Metro Asian Services (UMAS) SELLER: GW Carol Stream, LLC BUYER'S REP: Rick Scardino (@RickScardino) - Lee & Associates (@LeeAssociatesRE) SELLER'S REP: Brendan Reedy & Jimmy Danaher - Mid-America Real Estate Group (@MidAmerica_RE) SALE PRICE: $1,500,000 SF: 4,500 ~ PPSF: $333 NOTE: Lee & Associates brokered the $1.5 million sale of a 4,500-square-foot former bank in Carol Stream, IL, to Universal Metro Asian Services (UMAS). UMAS plans to convert the property into a state-of-the-art adult day care facility.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18