Marcus & Millichap Brokers $7.7 Million Sale Of Garrity Square Retail Center In Highland Park
1855 Deerfield Road
$7,700,000
$385/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Sep 17, 2026
About this deal
AI
A retail center, Garrity Square, located at 1855 Deerfield Road in Highland Park, Illinois, has been sold for $7,700,000. The asset encompasses 20,000 square feet and consists of 13 suites, yielding a price per square foot of $385 and a price per unit of $592,308. The property has a long-standing anchor tenant, a Starbucks, which has operated in the space since 2002.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,700,000
- Square Footage: 20,000
- Price Per Square Foot: $385
- Units: 13
- Price Per Unit: $592,308
- Address: 1855 Deerfield Road
- Market: Highland Park, IL
- Brokers: Adrian Mendoza, Sean Sharko & Austin Weisenbeck - Marcus & Millichap
On the Map
$7,700,000
$385/SF
Retail
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Highland Park 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93