SOLDRetail
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
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.
Players
Grayslake Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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