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Local Private Investor Purchases Newly Built Guzman Y Gomez In Des Plaines For $3.6M
SOLD
$3,600,000
Illinois
See Similar DealsRetail
Sold 10/02/2025
SOLD
Local Private Investor Purchases Newly Built Guzman Y Gomez In Des Plaines For $3.6M
2741 Mannheim Road
See Similar DealsRetail
Sold 10/02/2025
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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