Global Real Estate Investment Manager Acquires 88,000 Square Foot Retail Center In Geneva IL
1310 Commons Drive
Building Size
88,000 SF
Asset Type
Retail
Closing
Jul 2, 2026
About this deal
AI
A global real estate investment manager acquired the retail center located at 1310 Commons Drive in Geneva, Illinois. The property encompasses 88,000 square feet and was 98% leased at the time of sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 1310 Commons Drive
- Market: Geneva, IL
- Asset Size: 88,000 SF
The transaction was brokered by Daniel Waszak and Brett Berlin of Quantum Real Estate Advisors, representing the buyer in this acquisition from an East Coast-based investment fund.
On the Map
Retail
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Players
Geneva 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93