Regency Centers Acquires Retail Property In Naperville For $52.4M
8-152 West Gartner Road, Naperville, Illinois 60540, United States
$52,400,000
$455/SF
Building Size
115,000 SF
Asset Type
Retail
Closing
Apr 20, 2022
About this deal
AI
The retail property located at 8-152 W. Gartner Rd in Naperville has been sold for a total of $52,400,000. The transaction was completed on April 21, 2022. The property spans across 115,000 square feet, resulting in a price per square foot of $456. The asset was acquired by Regency Centers, represented by Lisa Palmer, while the seller was Northpond Partners. The brokerage services were provided by CBRE.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $52,400,000
- Address: 8-152 W. Gartner Rd, Naperville
- Market: Naperville
- Buyer: Regency Centers - Lisa Palmer
- Seller: Northpond Partners
- Broker: CBRE
- Square Footage: 115,000
- Price per Square Foot: $456
The acquisition of the retail property at 8-152 W. Gartner Rd in Naperville was facilitated by Lisa Palmer representing Regency Centers. The seller, Northpond Partners, entrusted CBRE with the brokerage services for this transaction. This deal showcases the involvement of key individuals and companies driving the success of the sale.
On the Map
$52,400,000
$455/SF
Retail
View full map
Players
Naperville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Lisa Palmer to view all their deals.
Browse Illinois retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93