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320 W Golf Rd, Schaumburg, ...

Fred Lewis & Dennis Cisterna Acquire Retail Property In Schaumburg For $10.5M With Tenant Tesla Motors
SOLDRetail

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

Fred Lewis

Sentinel Net Lease

Buyer

$105.7M

vol

6 deals

Buyer
T
TeslaTenant

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