Four Corners Property Trust Acquires Retail Property In Crystal Lake For $2.3M
SOLD
$2,300,000
Illinois
See Similar DealsRetail
Sold 08/09/2022
SOLD
Four Corners Property Trust Acquires Retail Property In Crystal Lake For $2.3M
5755 Northwest Hwy, Crystal Lake, Illinois 60014, United States
See Similar DealsRetail
Sold 08/09/2022
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
5755 E Northwest Hwy in Crystal Lake has been sold for $2,300,000. The property is a retail asset with a capitalization rate of 6.3%. The sale took place on 8/9/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,300,000
- Market: Crystal Lake
- Sale Date: 08/09/2022
- Address: 5755 E Northwest Hwy
- Buyer: Four Corners Property Trust - William Lenehan
The buyer in this deal is Four Corners Property Trust, represented by William Lenehan. The property at 5755 E Northwest Hwy offers a retail opportunity in Crystal Lake.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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