George Spirrison & Simeon Spirrison Acquire Retail Property In Elmhurst, IL For $1.55M
630 W Lake St Elmhurst, IL 60126
$1,550,000
$110/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Jan 19, 2022
About this deal
AI
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.
Players
Elmhurst 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93