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1847 Freedom Drive, Napervi...

CenterSquare Investment Acquires Retail Property In Naperville For $33M With Buyer's Rep Todd Briddell & Rob Holuba
SOLDRetail

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

Chad Firsel

Quantum Real Estate Advisors

Broker

$62.1M

vol

10 deals

Broker
Todd Briddell

Todd Briddell

Buyer

$88.6M

vol

7 deals

Buyer
Michael Levy

Michael Levy

Crow Holdings

Seller

$2.5B

vol

22 deals

Seller

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