Chicago Family Office Acquires 23,000 Square Foot Retail Center For $7.3M In Naperville
175 Jackson Avenue
$7,300,000
$317/SF
Building Size
23,000 SF
Asset Type
Retail
Closing
Oct 6, 2026
About this deal
AI
The transaction involves the sale of a retail center located at 175 Jackson Avenue in Naperville, Illinois. The property spans 23,000 square feet and was sold for $7,300,000, which equates to a price per square foot of $317.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
- Square Footage: 23,000
- Address: 175 Jackson Avenue
- Market: Naperville, IL
- Price per Square Foot: $317
Brett Berlin represented Quantum Real Estate Advisors in this transaction, which involved the acquisition of the eight-suite property by a Chicago-based family office from a private family that had owned it for over 30 years.
On the Map
$7,300,000
$317/SF
Retail
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Jackson 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93