Midland Atlantic Properties Sells Bourbonnais, IL Retail Property For $4.3M
2070 State Route 50, Bourbonnais, IL, USA
$4,300,000
$442/SF
Building Size
9,723 SF
Asset Type
Retail
Closing
Mar 29, 2021
About this deal
AI
A retail property located at 2070 N State Route 50 in Bourbonnais, IL was recently sold for a total of $4,300,000. The property has a total area of 9,723 square feet, resulting in a price per square foot of $442. The transaction took place on March 30, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 2070 N State Route 50, Bourbonnais, IL
- Market: Bourbonnais, IL
The seller of the property is Midland Atlantic Properties, while the buyer's representatives in this deal were Jeff Lefko and Bill Asher from Hanley Investment Group Real Estate Advisors.
Players
Bourbonnais 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93