Quantum Real Estate Advisors Represents Sale Of Retail Property In Hainesville, IL For $2.1M
SOLD
$2,100,000
Illinois
See Similar DealsRetail
Sold 05/28/2022
SOLD
Quantum Real Estate Advisors Represents Sale Of Retail Property In Hainesville, IL For $2.1M
60 E Belvidere Rd, Hainesville, Illinois 60030, United States
See Similar DealsRetail
Sold 05/28/2022
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
The retail property located at 60-80 E. Belvidere Rd in Hainesville, IL has been sold for a price of $2,100,000. The sale of this property was facilitated by Jason Lenhoff of Quantum Real Estate Advisors.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Date: 05/28/2022
- Address: 60-80 E. Belvidere Rd
- Market: Hainesville, IL
The sale of this retail property signifies a successful transaction in the Hainesville, IL market. Jason Lenhoff, representing Quantum Real Estate Advisors, played a key role in ensuring the deal's smooth process and satisfactory outcome for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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