Marcus & Millichap Sells Retail Property In Antioch, IL For $1.9M
311 East Depot Street, Antioch, Illinois 60002, United States
$1,944,482
$67/SF
Building Size
28,690 SF
Asset Type
Retail
Closing
Oct 4, 2022
AI
The retail property located at 311 Depot Street in Antioch, IL, was recently sold for $1,944,482. This sale took place on October 5, 2022. The property spans across 28,690 square feet, resulting in a price per square foot of $68. Alec Coronado, Brian Parmacek, and Paul Butera from Marcus & Millichap represented the buyers and sellers in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,944,482
- Address: 311 Depot Street, Antioch, IL
- Market: Antioch, IL
The buyers and sellers of the retail property at 311 Depot Street were represented by Alec Coronado, Brian Parmacek, and Paul Butera from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in finalizing the sale. This transaction highlights the strong presence of Marcus & Millichap in the Antioch, IL market.
Players
Antioch 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
8.16%
Cash-on-Cash
-2.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93