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501 West Liberty Street, Wa...

AmCap Acquires Retail Property In Wauconda For $18.7M
SOLDRetail

AmCap Acquires Retail Property In Wauconda For $18.7M

501 West Liberty Street, Wauconda, Illinois 60084, United States

$18,700,000

$174/SF

Building Size

107,000 SF

Asset Type

Retail

Closing

Oct 20, 2022

AI

Located in Wauconda, the retail property at 501-585 W Liberty St recently changed ownership in a closed transaction. The asset spans over 107,000 square feet and was sold for a total price of $18,700,000, resulting in a price per square foot of $175. The property is situated in a vibrant market, offering various opportunities for retailers.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $18,700,000
  • Address: 501-585 W Liberty St
  • Market: Wauconda

AmCap, represented by Jake Bisenius, acquired the property in this transaction. On the selling side, Broad Reach Retail Partners facilitated the sale. This deal highlights the active involvement of these key individuals and companies in the retail sector in Wauconda.

Players

Jake Bisenius

AmCap

Buyer

$18.7M

vol

2 deals

Buyer

Wauconda 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

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93