Stanley Caplan Acquires Retail Property In Joliet From Tabani Group For $3.2M
3080 Caton Farm Road, Joliet, Illinois 60435, United States
$3,192,875
$419/SF
Building Size
7,612 SF
Asset Type
Retail
Closing
Apr 24, 2022
About this deal
AI
The retail property located at 3080-3084 Caton Farm Rd in Joliet has been sold. The transaction took place on 04/25/2022, with a sale price of $3,192,875. The property spans 7,612 square feet, resulting in a price per square foot of $419. The buyer of this retail asset is Stanley Caplan, while the Tabani Group acted as the seller.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,192,875
- Date: 04/25/2022
- Address: 3080-3084 Caton Farm Rd
- Market: Joliet
Zack Bates and Ben Snyder facilitated this sale through their representation at Matthews Real Estate Investment Services.
On the Map
$3,192,875
$419/SF
Retail
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Players
Joliet 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
4.97%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93