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.
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