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Out-of-State Group Acquires 22-Suite Retail Property In Naperville For $7 Million
SOLD
$7,000,000
Illinois
See Similar DealsRetail
Sold 01/28/2025
SOLD
Out-of-State Group Acquires 22-Suite Retail Property In Naperville For $7 Million
1550 Illinois Highway 59
See Similar DealsRetail
Sold 01/28/2025
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
A 22-suite retail property located at 1550 North Illinois Highway 59 in Naperville was recently sold for $7,000,000. This transaction involved a professional ownership group from out-of-state acquiring the asset, reflecting a significant investment in the retail market of Naperville.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 1550 North Illinois Highway 59
- Market: Naperville
The brokers representing the seller were Sean Sharko, Austin Weisenbeck, and Adrian Mendoza from Marcus & Millichap, facilitating the transaction through their expertise in the commercial real estate sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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