Goodwill Acquires Retail Property In Ottawa, IL For $3.15M
501 W Stevenson Rd Ottawa, IL 61350, USA
$3,150,000
$176/SF
Building Size
17,888 SF
Asset Type
Retail
Closing
Aug 1, 2023
AI
A retail property located at 501 West Stevenson Road in Ottawa, IL has been sold for $3,150,000. The property spans across 17,888 square feet, resulting in a price per square foot of $176. The sale took place on 08/01/2023.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $3,150,000
- Square Footage: 17,888
The buyer, Goodwill, acquired the property from the seller, John Dreyfous. The transaction was facilitated by Marc Hildenbrand from Friedman Real Estate.
Players
Chicago 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93