Greenstone Partners Brokers Jason St. John & AJ Patel Sell Crystal Lake Retail Property For $3M
5899 Northwest Highway
$3,000,000
$250/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Jul 27, 2022
About this deal
AI
The retail property located at 5899 Northwest Highway in Crystal Lake, Illinois has been sold in a closed transaction. The property spans 12,000 square feet and was sold for a total price of $3,000,000, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 5899 Northwest Highway, Crystal Lake, Illinois
- Market: Crystal Lake, Illinois
- BROKERS: Jason St. John & AJ Patel - Greenstone Partners
The sale of the retail property was brokered by Jason St. John and AJ Patel from Greenstone Partners. They represented the parties involved in the transaction, ensuring a successful deal.
Players
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93