Horvath & Tremblay Sells Retail Property In Lombard, IL For $4.35M
701 E Roosevelt Rd
$4,350,000
$217/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Mar 15, 2023
About this deal
AI
The retail property located at 701 E Roosevelt Rd in Lombard has been sold for a total of $4,350,000. The property spans across 20,000 square feet, resulting in a price per square foot of $218. The transaction took place on 03/15/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,350,000
- Square Footage: 20,000
- Price per Square Foot: $218
- Address: 701 E Roosevelt Rd, Lombard
- Market: Lombard
The sale was facilitated by Mark Heidecke of Horvath & Tremblay, representing the parties involved in the deal.
Market 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93