Davidson & Associates Acquires Retail Property In Mount Prospect For $3.9M
920 North Elmhurst Road, Mount Prospect, IL, USA
$3,900,000
$130/SF
Building Size
29,833 SF
Asset Type
Retail
Closing
Sep 20, 2020
About this deal
AI
Located in Mount Prospect, the retail property at 920 North Elmhurst Road has been sold for $3,900,000. The transaction took place on September 21, 2020. The property was purchased by Davidson & Associates from GW Properties. The deal was facilitated by brokers Alex Sharrin & Alex Geanakos from JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,900,000
- Address: 920 North Elmhurst Road
- Market: Mount Prospect
Alex Sharrin & Alex Geanakos from JLL served as the brokers in this transaction, representing both the buyer and the seller. They played a key role in facilitating the deal between Davidson & Associates and GW Properties.
Players
Mount Prospect 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93