943-955 N. McLean Blvd Retail Property In Elgin Sold For $2.7M With Brokers David Coupe & Lee Kotler
943-955 N McLean Blvd, Elgin, IL, USA
$2,700,000
$115/SF
Building Size
23,405 SF
Asset Type
Retail
Closing
Nov 16, 2021
About this deal
AI
943-955 N. McLean Blvd in Elgin has been sold for an amount of $2,700,000. This retail property spans across 2.5 acres and encompasses a total of 23,405 square feet. The price per square foot for this transaction was $115.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 943-955 N. McLean Blvd, Elgin
- Market: Elgin
The transaction was facilitated by two brokers. David Coupe from SVN | Chicago Commercial and Lee Kotler from Konnect Real Estate played key roles in the deal.
Players
Elgin 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93