John Durra Acquires Retail Property In Matteson, IL For $5.2M
SOLD
$5,200,000
Illinois
See Similar DealsRetail4,300 SF
Sold 08/17/2022
SOLD
John Durra Acquires Retail Property In Matteson, IL For $5.2M
4411 211th St Matteson, IL 60443
See Similar DealsRetail4,300 SF
Sold 08/17/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,209
Total Square Footage:4,300 SF
Transaction Type:Sale
The retail property located at 4411 211th St. in Matteson, IL has been sold for a price of $5,200,000. The transaction took place on August 17, 2022. The property spans 4,300 square feet, resulting in a price per square foot of $1,209.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 4411 211th St., Matteson, IL
- Market: Matteson, IL
The buyer of the property is John Durra, while the seller is Bluejay Management, represented by Marc Jacobowitz and Yerachmeal Jacobson. The deal was facilitated by the broker, Jordan Kopel from SAB Capital & Real Estate Foundation, Inc.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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