Greenstone Partners Sells Retail Property In Wheeling For $6M
1550 E Lake Cook Rd, Wheeling, IL 60090
$6,000,000
$133/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
Feb 15, 2022
About this deal
AI
The retail property located at 1550 E. Lake Cook Rd in Wheeling has been recently sold for $6,000,000. The property spans approximately 45,000 square feet, resulting in a price-per-square-foot of $133. The transaction took place on 02/16/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 1550 E. Lake Cook Rd
- Market: Wheeling
- Square Footage: 45,000
The sale of this retail property was facilitated by broker Jason St. John, representing Greenstone Partners.
The retail sale at 1550 E Lake Cook Rd, Wheeling, IL 60090 in Wheeling, Illinois sold for $6M in 2022. The building is 45,000 square feet, implying about 133 per square foot on the published price. Jason St. John, Greenstone Partners appear on the sale alongside Greenstone Partners. This page is the Wheeling, Illinois file for the 1550 E Lake Cook Rd, Wheeling, IL 60090 retail sold: pricing, party profiles, and other closed retail comps from the same Wheeling sit in the Market section below. Filter that Wheeling retail set by closing date to see what else sold near 1550 E Lake Cook Rd, Wheeling, IL 60090 around 2022. Published consideration for 1550 E Lake Cook Rd, Wheeling, IL 60090 is $6M, dated 2022. Cite this Greenstone Partners Sells Retail Property In Wheeling For $6M sale when underwriting similar retail product around Wheeling, Illinois.
Wheeling 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93