Colliers International Acquires Retail Property In Carpentersville For $3.9M
SOLD
$3,900,000
Illinois
See Similar DealsRetail11,035 SF
Sold 05/25/2020
SOLD
Colliers International Acquires Retail Property In Carpentersville For $3.9M
27 South Western Avenue, Carpentersville, IL, USA
See Similar DealsRetail11,035 SF
Sold 05/25/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:11,035 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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