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2351 Willow Road, Glenview,...

Sperry Equities Acquires Retail Property In Glenview, IL For $26.2M
SOLDRetail

Sperry Equities Acquires Retail Property In Glenview, IL For $26.2M

2351 Willow Road, Glenview, Illinois, USA

$26,200,000

$144/SF

Building Size

181,024 SF

Asset Type

Retail

Closing

Aug 15, 2021

AI

An retail property located at 2145-2351 Willow Road in Glenview, Il has been sold for a total price of $26,200,000. The property spans a total area of 181,024 square feet. The sale was completed on August 16, 2021. The buyer of the property was Sperry Equities, while the seller was Heitman.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $26,200,000
  • SF: 181,024

The deal was facilitated by Rick Drogosz, Ben Wineman, and Emily Gadomski from Mid-America Real Estate Corporation, who represented both the buyer and the seller in the transaction.

Players

Rick Drogosz

Mid-America Real Estate Group

Broker

$299.4M

vol

11 deals

Broker
SE
Sperry EquitiesBuyer
H
HeitmanSeller

Northbrook 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93