SOLDRetail
Alexander Tychalski & Brewster Hague Of Greenstone Partners Represent Buyer In Lake Zurich Retail Sale For $2.5M
540 Cortland Drive
$2,500,000
$80/SF
Building Size
31,146 SF
Asset Type
Retail
Closing
Oct 26, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 540 Cortland Drive in Lake Zurich. The sale price for this property was $2,500,000, encompassing a total area of 31,146 square feet, translating to a price per square foot of $80.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 540 Cortland Drive
- Market: Lake Zurich
- Square Footage: 31,146
- Price Per Square Foot: $80
This transaction involved key representatives from notable agencies. The buyer was represented by Alexander Tychalski and Brewster Hague from Greenstone Partners, while the seller was represented by Brad Schreiner from BEI Commercial Real Estate.
On the Map
$2,500,000
$80/SF
Retail
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Players
Lake Zurich 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93