Four Corners Property Trust Acquires Retail Property In Crystal Lake For $2.3M
5755 Northwest Hwy, Crystal Lake, Illinois 60014, United States
$2,300,000
Building Size
—
Asset Type
Retail
Closing
Aug 8, 2022
About this deal
AI
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.
Crystal Lake 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93