Algonquin, Illinois 60102
BROADSMORE CENTER | AFFLUENT SUBMARKET 2375 - 2397 S. Randall Road, Algonquin, Illinois 60102 E E L L T T N N U U H H N RANDALL RD | 32,700 VPD D D P P V V 0 0 0 0 5 5 , , 4 4 1 1 | | D D R R Y Y R R B B O O Subject Property Subject R R D D E E R R O O M M S S D D A A Subject Property Subject N RANDALL RD | 32,700 VPD Broadsmore Center | Affluent Submarket 2375 - 2397 S. Randall Road, Algonquin, Illinois 60102 FINANCIAL SUMMARY PROPOSED FINANCING Price $2,146,000 LT V 70% Cap Rate 7.50% Interest Rate | Amortization 4.00% | 25 Years Price/ SF $137.75 Down Payment $643,800 Gross Leasable Area 15,579 SF First Trust Deed/Mortgage $1,502,200 Year Built 2004 Debt Service $95,150 Lot Size 2.16 Acres +/- Debt Coverage Ratio 1.69 Parcel Number 03-08-103-003 Net Cash Flow After Debt Services | Return % $65,709 | 10.21% Parking 79 Surface Spaces +/- Principal Reduction $35,712 Total Return | Return % $101,421 | 15.75% Current Rent $171,535 Total Reimbursements $79,730 Vacancy/Collection Allowance (Actual) ($22,116) Effective Gross Income $251,264 Expenses $90,405 NOI (Starting 11/1/2021) $160,859 CASH FLOW YEAR ONE - STARTING 11/1/2021 Base Rent Current Per SF Occupied Space $171,535 $12.49 Available Space $22,116 $12.00 Gross Potential Rent $193,651 $12.43 Expense Reimbursements Real Estate Taxes $40,539 $2.60 Insurance $4,425 $0.28 CAM $25,023 $1.61 Management Fee $8,467 $0.54 Administrative Fee $1,275 $0.08 Total Expense Reimbursements $79,730 $5.12 Gross Potential Income $273,380 $17.55 Vacancy/Collection Allowance (Actual) ($22,116) ($1.42)
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