Bharat Sangani And Jake Bisenius Acquire Northpoint Center Retail Asset In Arlington Heights
440 East Rand Road
Building Size
276,333 SF
Asset Type
Retail
Closing
May 8, 2025
About this deal
AI
The 276,333-square-foot retail asset, known as Northpoint Center, is located at 440 East Rand Road in Arlington Heights, IL. It is a grocery-anchored retail center with various tenants, including Jewel-Osco, Ross, Marshalls, and Chase Bank. The sale details were not disclosed.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 440 East Rand Road
- Market: Arlington Heights
- Buyers: Bharat Sangani - Encore Enterprises Inc.; Jake Bisenius - AmCap Management Holdings LLC
Bharat Sangani represents Encore Enterprises Inc., while Jake Bisenius represents AmCap Management Holdings LLC in this transaction. The acquisition involved a prominent grocery-anchored retail center, emphasizing strategic interests in the region's retail market.
On the Map
Retail
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Players
Arlington Heights 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