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546 South Randall Road

Brett Berlin Of Quantum Real Estate Advisors Represents Seller In $8.5M Retail Center Sale In St. Charles
SOLDRetail

Brett Berlin Of Quantum Real Estate Advisors Represents Seller In $8.5M Retail Center Sale In St. Charles

546 South Randall Road

$8,500,000

$180/SF

Building Size

47,000 SF

Asset Type

Retail

Closing

Jul 17, 2024

AI

A retail center located at 546 South Randall Road in Saint Charles, IL, has been sold for $8,500,000. The property spans 47,000 square feet and has a price per square foot of $181. The center is fully leased to a mix of local and national tenants, including Syrup, Consume Cannabis, and CD One Price.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,500,000
  • Square Footage: 47,000
  • Price Per Square Foot: $181
  • Address: 546 South Randall Road
  • Market: Saint Charles
  • Broker: Brett Berlin - Quantum Real Estate Advisors

Brett Berlin represented the seller, an Illinois developer, in this transaction. The property was acquired by a private group of investors from Illinois and New Jersey.

Players

Brett Berlin

Quantum Real Estate Advisors

Broker

$55.2M

vol

12 deals

Broker

Saint Charles 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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93