WS Development Acquires Retail Property In Wilmette For $110M
3200 Lake Avenue, Wilmette, Illinois 60091, United States
$110,000,000
$314/SF
Building Size
350,000 SF
Asset Type
Retail
Closing
Apr 10, 2022
AI
The retail property located at 3200-3232 Lake Ave in Wilmette has been sold for a total of $110,000,000. The property spans approximately 350,000 square feet, resulting in a price-per-square-foot of $314. The buyer in this transaction is WS Development, while the seller is Newport Capital Partners represented by Derrick McGavic.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $110,000,000
- Address: 3200-3232 Lake Ave, Wilmette
- Market: Wilmette
In this deal, WS Development has acquired the retail property located at 3200-3232 Lake Ave in Wilmette from Newport Capital Partners, with Derrick McGavic serving as its representative.
Wilmette Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93