Private Real Estate Investor Acquires Property At 1480 Orchard Rd Aurora For $5.2M
1480 Orchard Rd, Aurora, IL, 60506
$5,200,000
$440/SF
Building Size
11,810 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
A multi-tenant retail building located at 1480 Orchard Rd, Aurora, IL, was sold for $5,200,000. The asset encompasses a total area of 11,810 square feet. The property is part of the Aurora market, which features notable tenants such as Starbucks, Chipotle, and Jimmy John’s.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000.00
- Address: 1480 Orchard Rd, Aurora, IL, 60506
- Square Footage: 11,810
- Market: Aurora
- Buyer’s Representative: George Spirrison
- Buyer: Private Real Estate Investor
- Seller: Not disclosed
Simeon Spirrison and George Spirrison of Adelphia Properties represented the buyer, who is a Midwest-based private real estate investor. The seller's identity has not been disclosed in this transaction.
Players
Aurora 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93