Marcus & Millichap Brokers Sell Retail Property In Northbrook For $3.4M On Janke Dr. - Ben Kohl, Mitchell Kiven, Nicholas Kanich
SOLD
$3,400,000
Illinois
See Similar DealsRetail36,000 SF
Sold 04/20/2022
SOLD
Marcus & Millichap Brokers Sell Retail Property In Northbrook For $3.4M On Janke Dr. - Ben Kohl, Mitchell Kiven, Nicholas Kanich
1827 Janke Drive, Northbrook, Illinois 60062, United States
See Similar DealsRetail36,000 SF
Sold 04/20/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$94
Total Square Footage:36,000 SF
Transaction Type:Sale
The retail property located at 1827 Janke Dr in Northbrook has been sold for $3,400,000. The property offers approximately 36,000 square feet of space, resulting in a price per square foot of $94.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,400,000
- Square Footage: 36,000
- Price Per Square Foot: $94
- Address: 1827 Janke Dr, Northbrook
- Market: Northbrook
The sale of this retail property was facilitated by Ben Kohl, Mitchell Kiven, and Nicholas Kanich from Marcus & Millichap real estate agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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