Quantum Real Estate Advisors Arranges $7.1M Sale Of Design Pointe In Naperville
1320 Illinois Highway 59
$7,100,000
$91/SF
Building Size
78,000 SF
Asset Type
Retail
Closing
Dec 6, 2023
AI
A 78,000-square-foot retail center in Naperville, located at 1320 North Route 59, has been sold for $7.1 million. The property, known as Design Pointe, was sold by an Illinois-based investor to a private investor in Illinois. The retail center is 95% leased, making it an attractive investment opportunity in the Naperville market.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $7,100,000
- Square Footage: 78,000
- Price per Square Foot: $91
- Market: Naperville
- Broker: Brett Berlin - Quantum Real Estate Advisors
Brett Berlin of Quantum Real Estate Advisors represented the seller in this transaction. The sale of Design Pointe demonstrates the strong demand for retail properties in Naperville and the confidence that private investors have in the market.
Naperville 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93