Local Private Investor Sells Fully Occupied Retail Center In Glendale Heights For $11.5M
163 East Army Trail Road
$11,500,000
Units
15
Asset Type
Retail
Closing
Sep 2, 2026
About this deal
AI
A retail property located at 163 East Army Trail Road in Glendale Heights, IL, encompassing 7.86 acres, was the subject of a sale. The asset, named Bloomingdale Plaza, consists of 15 fully occupied retail suites. The sale price was recorded at $11,500,000, resulting in a price per unit of $766,667.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 163 East Army Trail Road
- Market: Glendale Heights, IL
- Acres: 7.86
- Units: 15
- Price Per Unit: $766,667
- Broker Representatives: Austin Weisenbeck & Sean Sharko - Marcus & Millichap
The transaction involved the representation of the local private investor seller by Marcus & Millichap’s Austin Weisenbeck and Sean Sharko. The buyer's details have not been disclosed. The retail center is anchored by Aldi and includes a two-tenant outlot that is anchored by Starbucks.
Players
Trail 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93