Marcus & Millichap Brokers Sell Retail Property In McHenry For $2M
SOLD
$2,000,000
+ 1
Illinois
See Similar DealsRetail3,100 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Property In McHenry For $2M
1800 North Richmond Road, McHenry, IL, USA
See Similar DealsRetail3,100 SF
Sold
+ 1
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$645
Total Square Footage:3100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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