LBX Acquires Retail Property In Mt Prospect, IL For $34.6M
940 East Rand Road, Mount Prospect, Illinois 60056, United States
$34,600,000
$151/SF
Building Size
228,000 SF
Asset Type
Retail
Closing
Sep 13, 2022
About this deal
AI
A retail property located at 940-1100 East Rand Road in Mt Prospect, IL has been sold in a recent transaction. The property spans across 228,000 square feet and was sold for a total sale price of $34,600,000, which translates to approximately $152 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $34,600,000
- Date: 09/14/2022
- Address: 940-1100 East Rand Road, Mt Prospect, IL
- Market: Mt Prospect, IL
- Purchaser: LBX - Philip Block & Robert Levy
- Seller: RPT Realty - Brian Harper
- Broker: Christian Williams - CBRE
The buyer of the retail property is represented by LBX, with Philip Block and Robert Levy being involved in the transaction. On the other hand, RPT Realty, represented by Brian Harper, acted as the seller. Christian Williams, from CBRE, served as the broker in the deal.
On the Map
$34,600,000
$151/SF
Retail
View full map
Players
Mount Prospect Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Christian (Chris) Williams 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93