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631 East Boughton Road, Bol...

Updated Dec 4, 2024

M&J Wilkow And Bixby Bridge Capital Acquire Retail Property In Bolingbrook For $30M
SOLDRetail

M&J Wilkow And Bixby Bridge Capital Acquire Retail Property In Bolingbrook For $30M

631 East Boughton Road, Bolingbrook, Illinois 60440, United States

$30,000,000

$38/SF

Building Size

779,000 SF

Asset Type

Retail

Closing

Apr 21, 2022

About this deal

AI

The retail property located at 631 East Boughton Road in Bolingbrook has been sold in a recent transaction. The property, spanning 779,000 square feet, was sold by Starwood Capital Group. The sale price for the property was approximately $30,000,000, resulting in a price per square foot of $39.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $30,000,000
  • Square Footage: 779,000
  • Price Per Square Foot: $39
  • Market: Bolingbrook
  • Buyer: M&J Wilkow (represented by Marc Wilkow & John Wiechart) and Bixby Bridge Capital (represented by David Williams)
  • Seller: Starwood Capital Group

The buyer in the transaction is M&J Wilkow, represented by Marc Wilkow and John Wiechart, along with Bixby Bridge Capital, represented by David Williams. This deal represents a significant transaction in the Bolingbrook market, further reflecting the attractiveness of the retail sector.

Players

Starwood Capital Group
Starwood Capital GroupSeller
Starwood Capital Group
Starwood Capital GroupLender

Bolingbrook Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $38 per square foot on a published $30M for 779,000 square feet (2022).

Browse Illinois retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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