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
About this deal
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
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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