Goodwill Acquires Retail Property In Ottawa, IL For $3.15M
SOLD
$3,150,000
Illinois
See Similar DealsRetail17,888 SF
Sold 08/01/2023
SOLD
Goodwill Acquires Retail Property In Ottawa, IL For $3.15M
501 W Stevenson Rd Ottawa, IL 61350, USA
See Similar DealsRetail17,888 SF
Sold 08/01/2023
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$176
Total Square Footage:17,888 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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