George Spirrison & Simeon Spirrison Acquire Retail Property In Elmhurst, IL For $1.55M
SOLD
$1,550,000
Illinois
See Similar DealsRetail14,000 SF
Sold 01/20/2022
SOLD
George Spirrison & Simeon Spirrison Acquire Retail Property In Elmhurst, IL For $1.55M
630 W Lake St Elmhurst, IL 60126
See Similar DealsRetail14,000 SF
Sold 01/20/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$110
Total Square Footage:14,000 SF
Transaction Type:Sale
The retail property located at 630 W Lake St in Elmhurst, IL was recently sold for a total price of $1,550,000. The property spans 14,000 square feet, resulting in a price per square foot of $111. The transaction took place on January 20, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Address: 630 W Lake St, Elmhurst, IL
- Market: Elmhurst, IL
George Spirrison and Simeon Spirrison represented the seller in this deal. They are associated with Adelphia Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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