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2741 Mannheim Road

Local Private Investor Purchases Newly Built Guzman Y Gomez In Des Plaines For $3.6M
SOLDRetail

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

Danny Spitz

Greenstone Partners

Broker

$215M

vol

24 deals

Broker
Greenstone Partners
Greenstone PartnersBrokerage

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