Horvath & Tremblay Brokers Secure $1.35M Retail Sale In Grayslake, IL
SOLD
$1,350,000
Illinois
See Similar DealsRetail1,956 SF
Sold 07/29/2022
SOLD
Horvath & Tremblay Brokers Secure $1.35M Retail Sale In Grayslake, IL
775 East Belvidere Road
See Similar DealsRetail1,956 SF
Sold 07/29/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$690
Total Square Footage:1,956 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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