Tony's Fresh Market Acquires Retail Property In Joliet For $3.7M
1801 West Jefferson Street, Joliet, IL, USA
$3,725,000
$37/SF
Building Size
100,000 SF
Asset Type
Retail
Closing
Dec 29, 2020
About this deal
AI
A retail property located at 1801 W. Jefferson Street in Joliet has been sold in a recent transaction. The property, spanning 100,000 square feet, was acquired by Tony's Fresh Market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,725,000
The buyer's representative in this deal was Anthony Ciaravino and Chris Bobowski from Cushman & Wakefield. On the seller's side, Steve Caton and Ron Swacker from Caton Commercial represented 1801 Jefferson Development.
This transaction was completed on December 30, 2020, with a price per square foot of $37.
Players
Joliet 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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93