JLL Sells Schaumburg Retail Property For $5.1M On W. Irving Park Road
SOLD
$5,100,000
Illinois
See Similar DealsRetail13,180 SF
Sold 11/25/2020
SOLD
JLL Sells Schaumburg Retail Property For $5.1M On W. Irving Park Road
1855 West Irving Park Road, Schaumburg, IL, USA
See Similar DealsRetail13,180 SF
Sold 11/25/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$386
Total Square Footage:13,180 SF
Transaction Type:Sale
The retail property located at 1855 W. Irving Park Road in Schaumburg recently sold for $5,100,000. The transaction took place on November 25, 2020. The property spans 13,180 square feet, resulting in a price per square foot of $387.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,100,000
- Address: 1855 W. Irving Park Road
- Market: Schaumburg
The sale of this retail property was facilitated by the brokers Alex Sharrin and Alex Geanakos from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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