Stanley Caplan Acquires Retail Property In Joliet From Tabani Group For $3.2M
SOLD
$3,192,875
Illinois
See Similar DealsRetail7,612 SF
Sold 04/25/2022
SOLD
Stanley Caplan Acquires Retail Property In Joliet From Tabani Group For $3.2M
3080 Caton Farm Road, Joliet, Illinois 60435, United States
See Similar DealsRetail7,612 SF
Sold 04/25/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$419
Total Square Footage:7,612 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,286.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,343.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,135.86
Annual Debt Service$181,630.28
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