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1800 North Richmond Road, M...

Marcus & Millichap Brokers Sell Retail Property In McHenry For $2M
SOLDRetail

Marcus & Millichap Brokers Sell Retail Property In McHenry For $2M

1800 North Richmond Road, McHenry, IL, USA

$2,000,000

$645/SF

Building Size

3,100 SF

Asset Type

Retail

Closing

Dec 27, 2020

AI

A retail property located at 1800 N. Richmond Road in McHenry was recently sold for $2,000,000. The transaction took place on December 28, 2020. The property spans 3,100 square feet, resulting in a price per square foot of $645.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Address: 1800 N. Richmond Road, McHenry
  • Market: McHenry

The sale of the property was facilitated by Marcus & Millichap, with brokers Alan Cafiero, Ben Sgambati, Dominic Sulo, and Sean M. Delaney representing the parties involved in the transaction.

Players

Sean Delaney

Marcus & Millichap

Broker

$27.8M

vol

8 deals

Broker

McHenry 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93