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
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