CBRE Represents Buyer In $3.5M Retail Property Sale On West Washington St
SOLD
$3,500,000
Illinois
See Similar DealsRetail8,760 SF
Sold 08/27/2020
SOLD
CBRE Represents Buyer In $3.5M Retail Property Sale On West Washington St
496 West Washington Street, Chicago, IL 60606, USA & 496 West Washington Street, Chicago, IL 60606, USA
See Similar DealsRetail8,760 SF
Sold 08/27/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$399
Total Square Footage:8,760 SF
Transaction Type:Sale
The retail property located at 496 West Washington Street in East Peoria has been sold for $3,500,000. The transaction took place on August 27, 2020. The property spans 4,380 square feet and has a price per square foot of $799. The seller of the property was Cullinan Properties Ltd.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 496 West Washington Street
- Market: East Peoria
- Square Footage: 4,380
- Price per Square Foot: $799
The buyer's representative in this deal was David Rush from CBRE, while the seller was represented by Jeff Lefko and Bill Asher from Hanley Investment Group Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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