Srinivasa Nandipati Acquires Retail Property In Streamwood For $3.8M
SOLD
Illinois
See Similar DealsRetail20,604 SF
Sold 07/13/2022
SOLD
Srinivasa Nandipati Acquires Retail Property In Streamwood For $3.8M
75 Sutton Road, Streamwood, Illinois 60107, United States
See Similar DealsRetail20,604 SF
Sold 07/13/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$184
Total Square Footage:20,604 SF
Transaction Type:Sale
Located in Streamwood, the retail property at 75 S Sutton Rd has been sold in a recent transaction. The property spans across 20,604 square feet and was sold for a price of $3,800,000, resulting in a price per square foot of $184. The sale took place on July 13, 2022. The buyer of the property is Srinivasa Nandipati, while the seller is Malisa Jackson.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,800,000
- Square Footage: 20,604
- Price per Square Foot: $184
- Address: 75 S Sutton Rd, Streamwood
- Market: Streamwood
Patrick Forkin from Baum Realty Group represented both parties in the transaction as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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