Weber Properties Acquires Retail Strip Center In Vernon Hills For $2.3 Million
289 Evergreen Drive
$2,300,000
Building Size
—
Asset Type
Retail
Closing
Apr 7, 2026
About this deal
AI
The asset involved in the transaction is a retail strip center located at 271-289 Evergreen Drive in Vernon Hills, which was sold for a price of $2,300,000. The deal reflects a significant market activity within the retail sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Buyer: Weber Properties
- Seller: Mass Vernon Hills LLC
- Buyer's Representative: Jason Trombley - JLL
- Seller's Representatives: Carole Caveney & Michael Petrik - Lee & Associates
Lee & Associates facilitated the transaction representing the seller, showcasing their full-service capabilities, including leasing and property management. JLL's Jason Trombley acted on behalf of the buyer in this transaction.
On the Map
$2,300,000
Retail
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Players
Vernon Hills 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93