Local Private Investor Purchases Newly Built Guzman Y Gomez In Des Plaines For $3.6M
2741 Mannheim Road
$3,600,000
Building Size
—
Asset Type
Retail
Closing
Oct 2, 2025
AI
The asset involved in the transaction is a newly built, single-tenant Guzman y Gomez located at 2741 Mannheim Road in Des Plaines. This retail property was sold for $3,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 2741 Mannheim Road
- Market: Des Plaines
- Brokers: Brewster Hague & Danny Spitz - Greenstone Partners
Greenstone Partners facilitated the transaction, representing both the seller, an Illinois-based developer, and the buyer, a local private investor. Brewster Hague and Danny Spitz were instrumental in brokeraging the sale.
Players
Des Plaines 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93