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
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