Colliers International Acquires Retail Property In Carpentersville For $3.9M
27 South Western Avenue, Carpentersville, IL, USA
$3,900,000
$353/SF
Building Size
11,035 SF
Asset Type
Retail
Closing
May 25, 2020
AI
Located at 27 S. Western Ave in Carpentersville, this retail property was recently sold for $3,900,000. The sale took place on 05/25/2021 and the property spans a total of 11,035 square feet. The price per square foot for this transaction was $353.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,900,000
- Date: 05/25/2021
- Address: 27 S. Western Ave
- Market: Carpentersville
The buyer was represented by Chuck Wasker from Colliers International, while the seller was represented by Brad Dessy from Hanley Investment Group Real Estate Advisors and ParaSell Inc.
Players
Carpentersville 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93