Ali Tahir Acquires Retail Properties In Naperville And Aurora For $5 Million With Ayman Sultan & Simon Assaf As Brokers
2783 Forgue Drive
$5,000,000
$922/SF
Building Size
5,422 SF
Asset Type
Retail
Closing
Dec 31, 2024
About this deal
AI
The transaction involved a retail asset located at 2783 Forgue Drive & 3068 East New York Street in the markets of Naperville and Aurora. The property spans 5,422 square feet and was sold for $5,000,000, resulting in a price per square foot of $922.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square Footage: 5,422
- Price Per Square Foot: $922
- Buyer: Ali Tahir
- Broker Representatives: Ayman Sultan & Simon Assaf - Matthews Real Estate Investment Services
- Sale Date: 12/31/2024
The deal was represented by brokers Ayman Sultan and Simon Assaf, who are associated with Matthews Real Estate Investment Services. They facilitated the transaction for buyer Ali Tahir, ensuring a smooth process in the acquisition of the retail property.
Players
Naperville 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93