Curbline Properties Corp Acquires Ryan Plaza Retail Center For $2.4 Million In Algonquin, IL
1534 East Algonquin Road
$2,400,000
$154/SF
Building Size
15,500 SF
Asset Type
Retail
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in this transaction is a retail strip center known as Ryan Plaza, located at 1534 East Algonquin Road in Algonquin, Illinois. The sale was completed for $2,400,000, with the property encompassing a total area of 15,500 square feet. The center is anchored by Starbucks and is part of the Algonquin market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Square Footage: 15,500
- Price Per Square Foot: $155
- Buyer: David Lukes - Curbline Properties Corp
- Broker: Daniel Waszak - Quantum Real Estate Advisors
The deal involved Quantum Real Estate Advisors representing the seller, a Southeast-based REIT, with Daniel Waszak and Brett Berlin taking on this role. This highlights the brokerage's involvement in facilitating the transaction between the buyer and the seller.
On the Map
$2,400,000
$154/SF
Retail
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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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93