Horvath & Tremblay Brokers Secure $1.35M Retail Sale In Grayslake, IL
775 East Belvidere Road
$1,350,000
$690/SF
Building Size
1,956 SF
Asset Type
Retail
Closing
Jul 29, 2022
About this deal
AI
775 E Belvidere Rd in Grayslake has been sold in a recent transaction. The retail property, totaling 1,956 square feet, was purchased for $1,350,000. This translates to a price per square foot of $690.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 775 E Belvidere Rd
- Market: Grayslake
The deal was facilitated by Brian Gerth, John Przybyla, and Zach Smith from Horvath & Tremblay. They represented the buyers in this transaction.
The retail sale at 775 East Belvidere Road in Grayslake, Illinois sold for $1.4M in 2022. The building is 1,956 square feet, implying about 690 per square foot on the published price. Zachary (Zach) Smith, Brian Gerth, John Przybyla, Horvath & Tremblay appear on the sale alongside Horvath & Tremblay. This page is the Grayslake, Illinois file for the 775 East Belvidere Road retail sold: pricing, party profiles, and other closed retail comps from the same Grayslake sit in the Market section below. Filter that Grayslake retail set by closing date to see what else sold near 775 East Belvidere Road around 2022. Published consideration for 775 East Belvidere Road is $1.4M, dated 2022. Cite this Horvath & Tremblay Brokers Secure $1.35M Retail Sale In Grayslake, IL sale when underwriting similar retail product around Grayslake, Illinois.
Players
Grayslake 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93