Retail Property In Bensenville Sold For $3M
SOLD
$3,000,000
Illinois
See Similar DealsRetail7,427 SF
Sold
SOLD
Retail Property In Bensenville Sold For $3M
321 W Irving Park Rd, Bensenville, IL, USA
See Similar DealsRetail7,427 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$403
Total Square Footage:7,427 SF
Transaction Type:Sale
The retail property located at 321 W Irving Park Rd in Bensenville has been sold for $3,000,000. The transaction took place on April 23, 2021, and the property spans a total of 7,427 square feet. This amounts to a price per square foot of $404. The sale was facilitated by Chad Firsel of Quantum Real Estate Advisors Inc.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 321 W Irving Park Rd, Bensenville
- Market: Bensenville
- Square Footage: 7,427
- Price per Square Foot: $404
Chad Firsel from Quantum Real Estate Advisors Inc. represented the parties involved in this sale. As a result of this transaction, the property has changed ownership, offering new opportunities for investment and development in the Bensenville market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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