CenterSquare Investment Acquires Retail Property In Naperville For $33M With Buyer's Rep Todd Briddell & Rob Holuba
1847 Freedom Drive, Naperville, Illinois 60563, United States
$33,000,000
$402/SF
Building Size
82,000 SF
Asset Type
Retail
Closing
Aug 4, 2022
AI
Located at 1847 Freedom Drive in Naperville, this retail property was recently sold in a transaction facilitated by Chad Firsel from Quantum Real Estate. The property spans across 82,000 square feet and was sold for a total price of $33,000,000, resulting in a price per square foot of $402. The buyer in this transaction was CenterSquare Investment, represented by Todd Briddell and Rob Holuba. On the other hand, the seller was Crow Holdings, with Michael Levy as their representative.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $33,000,000
- Address: 1847 Freedom Drive
- Market: Naperville
Chad Firsel from Quantum Real Estate served as the broker in this transaction. CenterSquare Investment, led by Todd Briddell and Rob Holuba, acquired the property. Crow Holdings, represented by Michael Levy, acted as the seller. The sale of this retail asset marks a significant transaction in Naperville's real estate market.
Players
Naperville 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93