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28258 West Diehl Road

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

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

28258 West Diehl Road

$3,000,000

$251/SF

Building Size

11,916 SF

Asset Type

Retail

Closing

Jun 28, 2024

AI

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

Broker

$5.4M

vol

2 deals

Broker

Warrenville 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93