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
Aurora Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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