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Simply South Indian Cuisine Acquires Restaurant In Warrenville For $3M

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SOLD
$3,000,000

Illinois

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Retail11,916 SF
Sold 06/28/2024
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Property Image
SOLD

Simply South Indian Cuisine Acquires Restaurant In Warrenville For $3M

28258 West Diehl Road

See Similar Deals
Retail11,916 SF
Sold 06/28/2024
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$251
Total Square Footage:11,916 SF
Transaction Type:Sale

The property involved in the transaction is an 11,916-square-foot restaurant located at 28258 Diehl Road in Warrenville, IL. The sale price for this retail asset was $3,000,000, amounting to a price per square foot of $252.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,000,000
  • Buyer: Simply South Indian Cuisine
  • Broker: Ron Weissenhofer - SVN Chicago Commercial
  • Address: 28258 Diehl Road
  • Market: Warrenville

Ronald Weissenhofer of SVN Chicago Commercial represented Simply South Indian Cuisine in the acquisition of the restaurant property. Simply South Indian Cuisine, the buyer, has plans to establish its first Midwest location at this site and aims to expand nationally. The seller's details have not been disclosed in the public announcement.

Players

Ron Weissenhofer
SVN
Ron Weissenhofer
2 deals$5.4M volume(630) 712-2573
BROKER

Details

SOLD
IMAGE: Ron Weissenhofer DATE: 06/28/2024 ADDRESS: 28258 Diehl Road MARKET: Warrenville ASSET TYPE: Retail BUYER: Simply South Indian Cuisine BROKER: Ron Weissenhofer - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $3,000,000 SF: 11,916 ~ PPSF: $252 NOTE: SVN Chicago Commercial facilitated the $3 million sale of an 11,916-square-foot restaurant property at 28258 Diehl Road in Warrenville, IL. The buyer, Simply South Indian Cuisine, represented by Ronald Weissenhofer of SVN, plans to establish its first Midwest location and expand nationally, while details about the seller remain undisclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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