facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

All

/

Sale

/

12200 South Western Avenue,...

Savlan Capital Acquires Medical Office In Blue Island For $6.1M
SOLD

Savlan Capital Acquires Medical Office In Blue Island For $6.1M

12200 South Western Avenue, Blue Island, Illinois 60643, United States

$6,100,000

$338/SF

Building Size

18,000 SF

Asset Type

Closing

Jul 14, 2022

AI

The medical office located at 12200 South Western Avenue in Blue Island has been sold for a price of $6,100,000. The property spans an area of 1.1 acres and offers a total of 18,000 square feet. The transaction took place on July 15, 2022. The buyer of the property is Savlan Capital, represented by Zusha Tenenbaum. The seller is Shops at Blue Island LLC. Eric Cline from Cushman & Wakefield facilitated the deal as the broker.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $6,100,000
  • Address: 12200 South Western Avenue
  • Market: Blue Island
  • Acres: 1.1

Zusha Tenenbaum, representing Savlan Capital, acted as the buyer in this transaction. Shops at Blue Island LLC served as the seller. Eric Cline from Cushman & Wakefield played a crucial role as the broker in facilitating the deal. The property offers a total of 18,000 square feet of space and was sold at a price of $6,100,000.

Players

Eric Cline

Broker

$21.9M

vol

3 deals

Broker

Zusha Tenenbaum

Savlan Capital

Buyer

$86.7M

vol

4 deals

Buyer

Blue Island CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93