Marcus & Millichap Brokers $3M Medical Office Sale In Oak Lawn, IL
4544 103rd Street, Oak Lawn, Illinois 60453, United States
$3,000,000
$92/SF
Building Size
32,369 SF
Asset Type
—
Closing
Feb 7, 2022
About this deal
AI
The medical office property located at 4544 & 4550 W. 103rd Street in Oak Lawn, IL has been sold for $3,000,000. The sale was facilitated by Mitchell Kiven of Marcus & Millichap. The property spans across 32,369 square feet, resulting in a price per square foot of $93.
Summary of Transaction Details:
- Property Type: Medical Office
- Transaction Amount: $3,000,000
- Address: 4544 & 4550 W. 103rd Street, Oak Lawn, IL
- Market: Oak Lawn, IL
- Broker: Mitchell Kiven - Marcus & Millichap
- Size: 32,369 square feet
- Price per Square Foot: $93
This transaction was successfully executed with the assistance of Mitchell Kiven from Marcus & Millichap. The sale of this medical office property represents a significant investment opportunity in the Oak Lawn, IL market.
Oak Lawn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Mitchell Kiven to view all their deals.
Browse Illinois sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93