Marcus & Millichap Sells Retail Property In Romeoville For $6.5M With Buyer's Rep Benjamin Kohl & Seller's Rep Brian Parmacek & Mitchell Kiven
SOLD
$6,500,000
Illinois
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Sold
SOLD
Marcus & Millichap Sells Retail Property In Romeoville For $6.5M With Buyer's Rep Benjamin Kohl & Seller's Rep Brian Parmacek & Mitchell Kiven
498 N Weber Rd, Romeoville, IL 60446
See Similar DealsRetail
Sold
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
A retail property located at 498 N Weber Rd in Romeoville has been sold for a price of $6,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 498 N Weber Rd, Romeoville
- Market: Romeoville
The buyer's representative in this transaction was Benjamin Kohl from Marcus & Millichap, while the seller's representatives were Brian Parmacek and Mitchell Kiven, also from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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