Marcus & Millichap Brokers Adrian Mendoza, Austin Weisenbeck & Sean R. Sharko Help Facilitate $2M Sale Of Retail Property In Wheeling
200-300 McHenry Rd, Wheeling, IL, USA
$2,000,000
$63/SF
Building Size
31,640 SF
Asset Type
Retail
Closing
Feb 8, 2021
About this deal
AI
The retail property located at 200-300 McHenry Rd in Wheeling has been recently sold. The transaction took place on February 9, 2021. The property is spread across 31,640 square feet and was sold at a price of $2,000,000, resulting in a price per square foot of $63. The property is situated in the Wheeling market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 200-300 McHenry Rd, Wheeling
- Market: Wheeling
The sale was facilitated by Adrian Mendoza, Austin Weisenbeck, and Sean R. Sharko from Marcus & Millichap. They acted as the brokers representing the parties involved in the deal.
Players
Wheeling 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93