North American Real Estate Group Acquires Retail Property In Glen Ellyn, IL For $30.2M
SOLD
$30,200,000
Illinois
See Similar DealsRetail166,572 SF
Sold 12/02/2021
SOLD
North American Real Estate Group Acquires Retail Property In Glen Ellyn, IL For $30.2M
525-613 Roosevelt Rd, Glen Ellyn, IL, USA
See Similar DealsRetail166,572 SF
Sold 12/02/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$181
Total Square Footage:166,572 SF
Transaction Type:Sale
The retail property located at 525-613 Roosevelt Rd in Glen Ellyn, IL has been sold in a transaction that took place on 12/02/2021. The property spans across approximately 12.45 acres.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,200,000
- Address: 525-613 Roosevelt Rd, Glen Ellyn, IL
- Market: Glen Ellyn, IL
- Acres: 12.45
The buyer of the property is the North American Real Estate Group, while the seller is RPT Realty. The deal was facilitated by brokers Amy Sands, Clinton Mitchell, and Michael Nieder from JLL Capital Markets.
The retail property was sold for a total of $30,200,000. The total square footage of the property is 166,572, resulting in a price per square foot of $181.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,610,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,294.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,163.41
Annual Debt Service$1,717,960.89
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