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1745 Northwind LLC Purchases Retail Center From Empsafe LLC For $2.9M In Libertyville

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SOLD
$2,900,000

Illinois

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Retail20,000 SF
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SOLD

1745 Northwind LLC Purchases Retail Center From Empsafe LLC For $2.9M In Libertyville

1745 Northwind Boulevard

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Retail20,000 SF
Sold
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$145
Total Square Footage:20000 SF
Transaction Type:Sale

The transaction involves a retail asset located at 1745 Northwind Boulevard in Libertyville, which was sold for $2,900,000. The asset spans 20,000 square feet and has a price per square foot of $145. The property is fully leased, with Team Rehabilitation as the anchor tenant occupying 7,600 square feet under a lease agreement that extends through 2031.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,900,000
  • Square Footage: 20,000
  • Address: 1745 Northwind Boulevard
  • Market: Libertyville
  • Buyer: 1745 Northwind LLC
  • Seller: Empsafe LLC
  • Buyer's Representative: Randy Olczyk - Chicagoland Commercial Real Estate
  • Seller's Representative: Brian Parmacek - Marcus & Millichap

Randy Olczyk represented the buyer, 1745 Northwind LLC, while Brian Parmacek acted on behalf of the seller, Empsafe LLC, during the transaction process. The sale was concluded on 08/07/2025, facilitating the transfer of this fully leased retail center to the new ownership.

Players

Brian Parmacek
9 deals$27.8M volume(224) 619-6808
BROKER

Randy Olczyk
Chicagoland Commercial Real Estate
14 deals$2.9M volume(847) 338-2022
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Randy Olczyk & Brian Parmacek DATE: 08/07/2025 ADDRESS: 1745 Northwind Boulevard MARKET: Libertyville ASSET TYPE: Retail BUYER: 1745 Northwind LLC SELLER: Empsafe LLC BUYER'S REP: Randy Olczyk - Chicagoland Commercial Real Estate SELLER'S REP: Brian Parmacek (@BrianParmacek) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,900,000 SF: 20,000 ~ PPSF: $145 NOTE: 1745 Northwind LLC bought The Shops of Northwind, a fully leased 20,000-SF retail center in Libertyville, for $2.9M from Empsafe LLC. Team Rehabilitation anchors the property with a 7,600-SF lease through 2031; Marcus & Millichap’s Brian Parmacek represented the seller and Chicagoland Commercial Real Estate’s Randy Olczyk represented the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75