Huntley Grove
Property Type: Retail | Property Status: Sold
Property Details
Price: $4,300,000
CAP Rate:
Square Feet:
Tenancy Type: Mixed
Lease Type: NNN
Location Info
Address: 10102-12192 Route 47
City: Huntley
State: IL
Zip: 60142
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of Huntley Grove, a 14,366 square foot multi-tenant center built in 2008 located in Huntley, IL. The 93% occupied center consists of a host of nationally recognized names such as AT&T, The UPS Store, Sprint, Tropical Smoothie, Great Clips and ATI Physical Therapy. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Ohio, whom Dan has worked with on multiple transactions in the past. The Pennsylvania Buyer was also found directly by The Cooper Commercial Investment Group within the first week of marketing the property for sale. The center went into contract at a 7.55% CAP rate and sold for $4,300,000, which was approximately $300/S.F. and 97% of list price.
Details
The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit them on-line at www.coopergrp.com for the most up-to-date listings and information. Stay connected, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.