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5899 Northwest Highway

Greenstone Partners Brokers Jason St. John & AJ Patel Sell Crystal Lake Retail Property For $3M
SOLDRetail

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

Jason St. John

Greenstone Partners

Broker

$200.7M

vol

26 deals

Broker

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