Bentley Richards Acquires Retail Property In Glenview, IL For $17.7M
1340 Patriot Boulevard, Glenview, Illinois 60026, United States
$17,689,400
$278/SF
Building Size
63,515 SF
Asset Type
Retail
Closing
Jun 7, 2022
AI
Located at 1340 Patriot Blvd in Glenview, IL, this retail property has recently been sold. The transaction was facilitated by Lior Regenstreif from Marcus & Millichap. The property was purchased by Bentley Richards from the seller, Dan Geisler. The sale price for the property amounted to $17,689,400. The property spans across 63,515 square feet, resulting in a price per square foot of $279.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $17,689,400
- Address: 1340 Patriot Blvd, Glenview, IL
- Market: Glenview, IL
- Buyer: Bentley Richards
- Seller: Dan Geisler
- Broker: Lior Regenstreif - Marcus & Millichap
- Square Footage: 63,515
- Price Per Square Foot: $279
Glenview Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93