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Texas-based Private Investment Group Sells Fully Occupied Retail Center In Elgin For $2.7M

Property Image
SOLD
$2,700,000
Brett Berlin
Daniel Waszak

Illinois

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Retail15,233 SF
Sold 12/20/2024
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Property Image
SOLD

Texas-based Private Investment Group Sells Fully Occupied Retail Center In Elgin For $2.7M

400 South Randall Road

See Similar Deals
Retail15,233 SF
Sold 12/20/2024
Brett Berlin
Daniel Waszak
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$177
Total Square Footage:15,233 SF
Transaction Type:Sale

A 15,233-square-foot retail center located at 400 South Randall Road in Elgin was sold for $2,700,000. The asset is fully occupied and houses several tenants, including Jimmy John’s, H&R Block, and Oberweis, showcasing its operational status within the retail market.

Summary of transaction details:

The transaction was brokered by Quantum Real Estate Advisors, with Dan Waszak and Brett Berlin representing the seller in the deal. Their expertise facilitated the transaction process between the Texas-based seller and the Chicago-based buyer, ensuring a streamlined deal execution.

Players

Daniel Waszak
Quantum Real Estate Advisors
Daniel Waszak
15 deals$74.4M volume
BROKER
Brett Berlin
Quantum Real Estate Advisors
Brett Berlin
12 deals$55.2M volume(312) 683-9923
BROKER

Details

SOLD
IMAGE: Brett Berlin & Daniel Waszak DATE: 12/20/2024 ADDRESS: 400 South Randall Road MARKET: Elgin ASSET TYPE: Retail BROKERS: Brett Berlin (@Berlin_brett) & Daniel Waszak (@DWaz_qrea) - Quantum Real Estate Advisors (@QREAdvisors_Inc) SALE PRICE: $2,700,000 SF: 15,233 ~ PPSF: $177 NOTE: Quantum Real Estate Advisors Inc. brokered the $2.7 million sale of a fully occupied 15,233-square-foot retail center in Elgin, home to tenants like Jimmy John’s, H&R Block, and Oberweis. The seller, a Texas-based private investment group, was represented by Dan Waszak and Brett Berlin, while the buyer was a private group from Chicago.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53