Wilke Plaza LLC Acquires Multi-Tenant Retail Center From Wilke Commons, LLC
23 N Wilke Rd, Arlington Heights, IL, 6...
Building Size
6,400 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property involved in the transaction is a 6,400-square-foot, multi-tenant retail center located at 7-23 N. Wilke Road in Arlington Heights, Illinois. The asset is in the market of Arlington Heights and was sold by Wilke Commons, LLC to the buyer Wilke Plaza LLC.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Buyer's Representative: Robert Thomas of Jameson Real Estate
- Seller's Representative: Randy Olczyk and Thomas (Tom) Callahan of Chicagoland Commercial Real Estate
- Square Footage: 6,400
- Seller: Wilke Commons, LLC
- Buyer: Wilke Plaza LLC
The key individuals and companies involved in the deal are Robert Thomas from Jameson Real Estate, representing the buyer Wilke Plaza LLC, and Randy Olczyk and Thomas (Tom) Callahan from Chicagoland Commercial Real Estate, representing the seller Wilke Commons, LLC. This transaction reflects the active involvement of these professionals in the commercial real estate market of the Arlington Heights area.
Players
Arlington Heights Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93