La Luz Bakery Acquires Retail Strip Center In Round Lake For $1.5M
649 Railroad Avenue Round Lake, Illinois 60073, Usa
$1,500,000
$80/SF
Building Size
18,600 SF
Asset Type
Retail
Closing
Aug 8, 2023
AI
A retail strip center in Round Lake, IL has been sold for $1.5 million. The property, located at 649-655 Railroad Avenue, spans 18,600 square feet and has a price per square foot of $81. It is fully occupied and offers diverse tenant options. The retail center's prime location near the Round Lake METRA Station adds to its appeal in the market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,500,000
- Square Footage: 18,600
- Address: 649-655 Railroad Avenue, Round Lake, IL
La Luz Bakery acquired the retail strip center from Mon Ami Realty, LLC. Rick Scardino from Lee & Associates represented the buyer, while Tyler Dechter from Baum Realty represented the seller in the transaction.
Players
Helper 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93