Fred Lewis & Dennis Cisterna Acquire Retail Property In Schaumburg For $10.5M With Tenant Tesla Motors
320 W Golf Rd, Schaumburg, IL, USA
$10,500,000
$388/SF
Building Size
27,032 SF
Asset Type
Retail
Closing
Feb 8, 2021
AI
The retail property located at 320 W Golf Rd in Schaumburg has been sold in a transaction that closed on 02/09/2021. This property, spanning 27,032 square feet, was sold for a price of $10,500,000, resulting in a price per square foot of $388.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,500,000
- Address: 320 W Golf Rd
- Market: Schaumburg
The buyers of the property are Fred Lewis and Dennis Cisterna from Sentinel Net Lease. The tenant occupying the property is Tesla Motors. This transaction involved key individuals such as Fred Lewis and Dennis Cisterna, who represented Sentinel Net Lease. Their roles in the deal were as the buyer's representatives.
Players
Hoffman Estates 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93