Matthews REIS Facilitates $7.795M Sale Of Enlightened Dispensary In Schaumburg
820 Golf Road
$7,795,000
$838/SF
Building Size
9,296 SF
Asset Type
Retail
Closing
May 15, 2024
AI
The Enlightened Dispensary in Schaumburg, Illinois, located at 820 East Golf Road, was sold for $7,795,000. This property, spanning 9,296 square feet on a .92-acre lot, is home to a corporate-backed multi-state cannabis operator with a 12-year NNN lease term, showcasing promising long-term investment potential for the buyer.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $7,795,000
- SF: 9,296
- PPSF: $839
- Address: 820 East Golf Road
- Market: Schaumburg
- Brokers: Alexander Machado, Ben Snyder, Daniel Gonzalez, and Robert Goldberg - Matthews Real Estate Investment Services
Matthews Real Estate Investment Services played a crucial role in facilitating the $7.795 million sale of Enlightened Dispensary in Schaumburg. The transaction was managed by Matthews associates, ensuring a smooth process for all parties involved in the sale.
Players
Schaumburg 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
2.04%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93