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
$6,500,000
Building Size
—
Asset Type
Retail
Closing
Jan 19, 2022
About this deal
AI
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.
The retail sale at 498 N Weber Rd, Romeoville, IL 60446 in Romeoville, Illinois sold for $6.5M in 2022. 498 N Weber Rd, Romeoville, IL 60446 is classified as Retail on Traded. Benjamin Kohl, Mitchell Kiven, Brian Parmacek, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Romeoville, Illinois file for the 498 N Weber Rd, Romeoville, IL 60446 retail sold: pricing, party profiles, and other closed retail comps from the same Romeoville sit in the Market section below. Filter that Romeoville retail set by closing date to see what else sold near 498 N Weber Rd, Romeoville, IL 60446 around 2022. Published consideration for 498 N Weber Rd, Romeoville, IL 60446 is $6.5M, dated 2022. Cite this Marcus & Millichap Sells Retail Property In Romeoville For $6.5M With Buyer's Rep Benjamin Kohl & Seller's Rep Brian Parmacek & Mitchell Kiven sale when underwriting similar retail product around Romeoville, Illinois.
On the Map
$6,500,000
Retail
View full map
Players
Romeoville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93