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75 Sutton Road, Streamwood,...

Srinivasa Nandipati Acquires Retail Property In Streamwood For $3.8M
SOLDRetail

Srinivasa Nandipati Acquires Retail Property In Streamwood For $3.8M

75 Sutton Road, Streamwood, Illinois 60107, United States

$3,800,000

$184/SF

Building Size

20,604 SF

Asset Type

Retail

Closing

Jul 12, 2022

AI

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.

Players

Patrick Forkin

Matthews

Broker

$66.7M

vol

8 deals

Broker

Srinivasa Nandipati

Buyer

$3.8M

vol

2 deals

Buyer

Malisa Jackson

Seller

$3.8M

vol

2 deals

Seller

Streamwood 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93