Texas-based Private Investment Group Sells Fully Occupied Retail Center In Elgin For $2.7M
400 South Randall Road
$2,700,000
$177/SF
Building Size
15,233 SF
Asset Type
Retail
Closing
Dec 20, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Square Footage: 15,233
- Price Per Square Foot: $177
- Market: Elgin
- Seller: Texas-based private investment group
- Buyer: Private group from Chicago
- Brokers: Brett Berlin & Daniel Waszak - Quantum Real Estate Advisors
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
Elgin 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93