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5 North Root Street

Marcus & Millichap Brokers Sale Of 12,684-SF Retail Strip In Aurora For $3.37M
SOLDRetail

Marcus & Millichap Brokers Sale Of 12,684-SF Retail Strip In Aurora For $3.37M

5 North Root Street

$3,370,000

$265/SF

Building Size

12,684 SF

Asset Type

Retail

Closing

Dec 16, 2024

AI

A retail strip property located at 5 North Root Street in Aurora, IL, has been sold for $3,370,000. The asset spans 12,684 square feet and was fully leased with a mix of local tenants. The price per square foot stands at $266.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,370,000
  • Square Footage: 12,684 SF
  • Price Per Square Foot: $266
  • Address: 5 North Root Street, Aurora, IL
  • Market: Aurora

The transaction was facilitated by Marcus & Millichap, with brokers Coult Greenwell and Mitchell Kiven representing the seller. They secured a private investor as the buyer, who aimed to expand their retail portfolio.

Players

Mitchell Kiven

Marcus & Millichap

Broker

$106.5M

vol

27 deals

Broker

Aurora 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

4.71%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93