Marcus & Millichap Sells Retail Property In Des Plaines For $2.1M
611 West Golf Road, Des Plaines, Illinois 60016, United States
$2,100,000
$139/SF
Building Size
15,042 SF
Asset Type
Retail
Closing
Apr 3, 2022
About this deal
AI
The retail property located at 611 W. Golf Road in Des Plaines has been sold in a recent transaction. The property spans a total area of 15,042 square feet, with a price per square foot of $140. The sale price for the property was $2,100,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 611 W. Golf Road
- Market: Des Plaines
The sale of this retail property was facilitated by Mitchell Kiven, Craig Fuller, Erin Patton, and Scott Wiles from Marcus & Millichap. They served as the brokers in the deal, representing the buyer and seller.
Players
Des Plaines 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93