Logan Barnett & John Przybyla Acquire Retail Property In Palatine, IL For $1M
26 North Brockway Street, Palatine, IL 60067, USA
$1,000,000
$100/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jun 29, 2020
About this deal
AI
"The Music Room" is a single-tenant investment property located at 26 N Brockway St in Palatine, IL. This retail asset was sold on June 29, 2021, for a sale price of $1,000,000, with a 7% cap rate. The property is situated in the suburban-downtown area of Palatine, offering a prime location for retail businesses.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Address: 26 N Brockway St, Palatine, IL
- Market: Palatine, IL
- Buyer's Rep: Logan Barnett & John Przybyla
- Seller's Rep: Sunny Ju
- Cap Rate: 7%
Logan Barnett & John Przybyla, representing the buyer, played a crucial role in the transaction. Sunny Ju represented the seller in this deal. The sale of "The Music Room" provides an excellent investment opportunity with its attractive cap rate and favorable location in Palatine's downtown area.
Players
Palatine Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit John Przybyla to view all their deals.
Browse Illinois retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93