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
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.
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