Marcus & Millichap Sells Retail Property In Arlington Heights For $1.015M With Brokers Brian Parmacek & Steve Rachman
SOLD
$1,015,000
Illinois
See Similar DealsRetail6,996 SF
Sold
SOLD
Marcus & Millichap Sells Retail Property In Arlington Heights For $1.015M With Brokers Brian Parmacek & Steve Rachman
221 North Rand Road
See Similar DealsRetail6,996 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$145
Total Square Footage:6996 SF
Transaction Type:Sale
The retail property located at 221 West Rand Road in Arlington Heights has been sold for $1,015,000. The transaction took place on 12/01/2020. The property spans 6,996 square feet, resulting in a price per square foot of $145.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,015,000
- Date: 12/01/2020
- Address: 221 West Rand Road
- Market: Arlington Heights
- Brokers: Brian Parmacek & Steve Rachman - Marcus & Millichap
- Square Footage: 6,996
- Price per Square Foot: $145
The sale of this retail property was facilitated by brokers Brian Parmacek and Steve Rachman from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,606.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,811.62
Annual Debt Service$57,739.41
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