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Brett Berlin Of Quantum Real Estate Advisors Represents Seller In $8.5M Retail Center Sale In St. Charles
SOLD
$8,500,000
Illinois
See Similar DealsRetail47,000 SF
Sold 07/17/2024
SOLD
Brett Berlin Of Quantum Real Estate Advisors Represents Seller In $8.5M Retail Center Sale In St. Charles
546 South Randall Road
See Similar DealsRetail47,000 SF
Sold 07/17/2024
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$180
Total Square Footage:47,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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