Marcus & Millichap Brokers Sell Retail Property In Evanston For $36.2M
1910 Dempster Street, Evanston, IL, USA
$36,200,000
$170/SF
Building Size
212,759 SF
Asset Type
Retail
Closing
Jun 23, 2020
About this deal
AI
Located at 1910 Dempster St in Evanston, this retail property was recently sold in a transaction facilitated by Adrian Mendoza, Austin Weisenbeck, and Sean Sharko of Marcus & Millichap. The sale took place on June 23, 2021, with a sale price of $36,200,000. The property spans across 212,759 square feet, translating to a price per square foot of $170.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $36,200,000
- Address: 1910 Dempster St, Evanston
- Market: Evanston
- Brokers: Adrian Mendoza, Austin Weisenbeck & Sean Sharko - Marcus & Millichap
- SF: 212,759
- PPSF: $170
Adrian Mendoza, Austin Weisenbeck, and Sean Sharko from Marcus & Millichap played a crucial role in representing the parties involved in this retail property transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
Evanston 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93