BG Acquisitions Purchases Retail Property In Bolingbrook For $4.35M
595 N Pinecrest Rd Bolingbrook, IL 60440, USA
$4,350,000
$150/SF
Building Size
28,846 SF
Asset Type
Retail
Closing
Aug 18, 2023
AI
The sale of two shopping centers in Bolingbrook, IL has been completed by CapRock Realty. The retail properties, located at 595 and 596 N. Pinecrest Road, were sold for a total price of $4,350,000. The combined square footage of the shopping centers is 28,846, resulting in a price per square foot of $151. The transaction involved lease-up of vacant units by CapRock Realty's team and was sold off-market to an out-of-state buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,350,000
- Buyer: BG Acquisitions
- Seller: Antony Joseph
- Buyer's Representative: Matt Bucklaew - CapRock Realty
- Seller's Representatives: Tom Eilers & Brian Goldman - CapRock Realty
- Square Footage: 28,846
- Price per Square Foot: $151
- Date: 08/18/2023
- Market: Bolingbrook
The transaction was facilitated by Matt Bucklaew from CapRock Realty, representing the buyer, BG Acquisitions, and Tom Eilers and Brian Goldman from CapRock Realty, representing the seller, Antony Joseph.
Players
Bolingbrook 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93