Marcus & Millichap Brokers Sell Algonquin Retail Property For $3.7M
123 South Randall Road, Algonquin, IL 60102, USA
$3,700,000
$466/SF
Building Size
7,926 SF
Asset Type
Retail
Closing
Aug 26, 2020
About this deal
AI
Located in Algonquin, this retail property at 1496 South Randall Road was recently sold. The transaction took place on 08/27/2020 and was facilitated by brokers Austin Weisenbeck and Sean Sharko from Marcus & Millichap. The property spans over 7,926 square feet and was sold for a total price of $3,700,000, resulting in a price per square foot of $467.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 1496 South Randall Road
- Market: Algonquin
Austin Weisenbeck and Sean Sharko, representing Marcus & Millichap, were responsible for brokering this deal. Their expertise and knowledge helped facilitate the successful sale of the property.
Players
Algonquin 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93