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23 N Wilke Rd, Arlington He...

Wilke Plaza LLC Acquires Multi-Tenant Retail Center From Wilke Commons, LLC
SOLDCommercial

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

Randy Olczyk

Chicagoland Commercial Real Estate

Broker

$2.9M

vol

14 deals

Broker

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