TITLE:
580 Caton Farm Rd
CONTROL:
Exclusive
VALUE:
$8,200,000
LOAN:
$0
EQUITY:
$8,200,000
TYPE:
Development
HAVE:
5 Acres
Commercial Strip Center with 24,000 SF in 3 buildings
Children of America LOI for 10,000 SF, Out lot for QSR 2,000 SF and 12,000 SF Retail Center
ADDRESS:
580 Caton Farm Rd, Plainfield, Illinois
BENEFITS TO NEW OWNER:
Equity position until refinancing cash out with desired return or equity partner with return on your investment. Buyout at stabilization or stay in the deal.
OTHER FILES:
GROSS SCHEDULED INCOME:
$717,640 Projected
VACANCY LOSS:
$50,235
GROSS EFFECTIVE INCOME:
$667,405
EXPENSES:
$0
NOI:
$667,405
DEBT SERVICE:
$484,475
CASH FLOW:
$182,930
CAP RATE:
8.14%
BENEFITS SOUGHT:
Looking for investor to buy the property and fund the construction for $2,500,000.
REMARKS:
Located next to High School, at expanding markets around Ridge Road and Caton Farm Road. Major North and South highways. Plainfield has the highest number of residential building permits in the State of Illinois.
COUNSELOR:
William Caton
Caton Commercial Real Estate Group
1296 Rickert Drive Suite 200
Naperville, Illinois, 60540
Phone: 815-370-1236
Email bill@catoncommercial.com
