Bentley Richards Acquires Retail Property In Glenview, IL For $17.7M
SOLD
$17,689,400
Illinois
See Similar DealsRetail63,515 SF
Sold 06/08/2022
SOLD
Bentley Richards Acquires Retail Property In Glenview, IL For $17.7M
1340 Patriot Boulevard, Glenview, Illinois 60026, United States
See Similar DealsRetail63,515 SF
Sold 06/08/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$278
Total Square Footage:63,515 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$943,434.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,846.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,856.78
Annual Debt Service$1,006,281.37
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