AmCap Acquires Retail Property In Wauconda For $18.7M
SOLD
$18,700,000
Illinois
See Similar DealsRetail107,000 SF
Sold 10/21/2022
SOLD
AmCap Acquires Retail Property In Wauconda For $18.7M
501 West Liberty Street, Wauconda, Illinois 60084, United States
See Similar DealsRetail107,000 SF
Sold 10/21/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$174
Total Square Footage:107,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$997,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,437.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,647.54
Annual Debt Service$1,063,770.48
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