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

Property Image
SOLD
$6,100,000
Eric Cline
ZT

Illinois

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18,000 SF
Sold 07/15/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
18,000 SF
Sold 07/15/2022
Eric Cline
ZT
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Price Per Square Foot:$338
Total Square Footage:18,000 SF
Transaction Type:Sale

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
Eric Cline
3 deals$21.9M volume
BROKER
ZT
Zusha Tenenbaum
4 deals$86.7M volume
BUYER

Details

SOLD
IMAGE: Zusha Tenenbaum DATE: 07/15/2022 ADDRESS: 12200 South Western Avenue MARKET: Blue Island ASSET TYPE: Medical Office ~ ACRES: 1.1 BUYER: Savlan Capital - Zusha Tenenbaum SELLER: Shops at Blue Island LLC BROKER: Eric Cline - Cushman & Wakefield SALE PRICE: $6,100,000 SF: 18,000 ~ PPSF: $339

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$21,672.03
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