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
About this deal
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.
On the Map
$3,000,000
$251/SF
Retail
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Players
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