Tony's Fresh Market Acquires Retail Property In Joliet For $3.7M
SOLD
$3,725,000
+ 1
Illinois
See Similar DealsRetail100,000 SF
Sold
SOLD
Tony's Fresh Market Acquires Retail Property In Joliet For $3.7M
1801 West Jefferson Street, Joliet, IL, USA
See Similar DealsRetail100,000 SF
Sold
+ 1
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:100000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$198,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,234.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,658.40
Annual Debt Service$211,900.80
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