Private Investment Group Acquires 240,345 Square Foot Community Center In Lombard For Unspecified Amount
401-581 East Roosevelt Road
Building Size
240,345 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
High Point Centre is a retail community center located at 401-581 East Roosevelt Road in Lombard, Illinois. The property spans 240,345 square feet and is currently 68% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Market: Lombard, IL
- Broker: Ben Wineman - Mid-America Real Estate Group
- Seller: Publicly traded REIT
- Buyer: Private investment group
Mid-America Real Estate facilitated the sale of the property with Ben Wineman acting as the exclusive listing broker, representing the seller in the transaction.
On the Map
Retail
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Roosevelt Roads 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93