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1910 Montgomery Road, Auror...

Marcus & Millichap Sells Retail Property In Aurora For $2,477,000
SOLDRetail

Marcus & Millichap Sells Retail Property In Aurora For $2,477,000

1910 Montgomery Road, Aurora, IL, USA

$2,477,000

$190/SF

Building Size

13,000 SF

Asset Type

Retail

Closing

Dec 9, 2020

AI

1910 Montgomery Road in Aurora has been sold for a price of $2,477,000. This retail property spans 13,000 square feet, resulting in a price per square foot of $191. The transaction took place on December 10, 2020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,477,000
  • Address: 1910 Montgomery Road
  • Market: Aurora
  • Asset Type: Retail

The deal was brokered by Austin Weisenbeck, Sean R. Sharko, Matt Emerick, Craig Fuller, Erin E. Patton, and Scott Wiles of Marcus & Millichap. They represented the parties involved in the transaction.

Players

Austin Weisenbeck

Marcus & Millichap

Broker

$348.1M

vol

59 deals

Broker

Aurora 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

6.40%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93