Swanson Development Group Acquires Mariano's Supermarket In Northfield, IL For $13.1M
1822 Willow Rd Northfield, IL 60093, USA
$13,100,000
$274/SF
Building Size
47,732 SF
Asset Type
Retail
Closing
Aug 22, 2023
About this deal
AI
The $13.1 million sale of a 47,732-square-foot Mariano's supermarket in Northfield, Illinois has been successfully closed by JLL Capital Markets. The property, located in a prime location in the Chicago metropolitan area, attracted the attention of buyer Swanson Development Group. The potential for future upside in rents also contributed to the appeal of the asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,100,000
- Square Footage: 47,732
- Address: 1822 Willow Road, Northfield, IL
- Market: Northfield
Swanson Development Group, represented by JLL, acted as the buyer in this transaction. The seller was Stockbridge. The brokers involved in the deal were Alex Sharrin, Michael Nieder, Mohsin Mirza, Charles Shehan, and Caity Tirakian from JLL.
On the Map
$13,100,000
$274/SF
Retail
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Players
Northfield 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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93