John Durra Acquires Retail Property In Matteson, IL For $5.2M
4411 211th St Matteson, IL 60443
$5,200,000
$1,209/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Aug 16, 2022
AI
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
Matteson 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93