SOLDRetail
Marcus & Millichap Sells Retail Property In Arlington Heights For $1.015M With Brokers Brian Parmacek & Steve Rachman
221 North Rand Road
$1,015,000
$145/SF
Building Size
6,996 SF
Asset Type
Retail
Closing
Dec 1, 2020
AI
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.
Arlington Heights Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93