Marcus & Millichap Negotiates Sale Of Garrity Square Retail Center In Highland Park For $7.8M
1833 Deerfield Road
$7,800,000
$390/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Sep 22, 2026
About this deal
AI
A retail center at 1833 Deerfield Road in Highland Park, IL, known as Garrity Square, has been sold for $7,800,000. The asset encompasses 20,000 square feet and features 13 suites. It is anchored by a standalone Starbucks that has been in operation since 2002.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Square Footage: 20,000
- Price Per Square Foot: $390
The brokerage firm Marcus & Millichap facilitated the sale, with Adrian Mendoza, Sean Sharko, and Austin Weisenbeck representing the seller and successfully procuring a private investor buyer for the transaction.
On the Map
$7,800,000
$390/SF
Retail
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93