CenterSquare Investment Acquires Retail Property In Naperville For $33M With Buyer's Rep Todd Briddell & Rob Holuba
SOLD
$33,000,000
Illinois
See Similar DealsRetail82,000 SF
Sold
SOLD
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
See Similar DealsRetail82,000 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$402
Total Square Footage:82,000 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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