Mark Heidecke Of Horvath & Tremblay Represents Buyer In Spring Grove Retail Sale For $2.65M
SOLD
Illinois
See Similar DealsRetail21,130 SF
Sold 12/30/2024
SOLD
Mark Heidecke Of Horvath & Tremblay Represents Buyer In Spring Grove Retail Sale For $2.65M
2020 Us Route 12
See Similar DealsRetail21,130 SF
Sold 12/30/2024
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:21,130 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 2020 US Route 12 in Spring Grove. The sale price for the property was $2,650,000, encompassing a total square footage of 21,130, resulting in a price per square foot of $125.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,650,000
- Address: 2020 US Route 12
- Market: Spring Grove
- Square Footage: 21,130
- Price Per Square Foot: $125
- Buyer's Representative: Mark Heidecke - Horvath & Tremblay
- Seller's Representative: Jared Brown - Marcus & Millichap
In this transaction, Mark Heidecke represented the buyer from Horvath & Tremblay, while Jared Brown represented the seller from Marcus & Millichap, facilitating the sale process for both parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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