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Marcus & Millichap Brokers Sale Of 12,684-SF Retail Strip In Aurora For $3.37M
SOLD
$3,370,000
Illinois
See Similar DealsRetail12,684 SF
Sold 12/16/2024
SOLD
Marcus & Millichap Brokers Sale Of 12,684-SF Retail Strip In Aurora For $3.37M
5 North Root Street
See Similar DealsRetail12,684 SF
Sold 12/16/2024
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$265
Total Square Footage:12,684 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$179,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,972.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,975.52
Annual Debt Service$191,706.23
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