Freightbull Buys Commercial Property On 7455 Duvan Dr In Tinley Park
7455 Duvan Dr, Tinley Park, IL, 60477
Building Size
13,000 SF
Asset Type
Commercial
Closing
Nov 20, 2023
AI
The asset involved in the transaction is a 13,000-square-foot maintenance facility situated on two acres at 7455 Duvan Drive in Tinley Park, IL. The property was recently sold in a commercial transaction. The buyer, Freightbull, purchased the property from the seller, Marvin Hill. The deal was facilitated by Matt Garland of Cawley Chicago representing the buyer and Steve Harris of Re/Max Synergy representing the seller.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 7455 Duvan Dr, Tinley Park, IL, 60477
- Market: Tinley Park
- Square Footage: 13,000
- Buyer: Freightbull
- Seller: Marvin Hill
- Buyer's Rep: Matt Garland (Cawley Chicago)
- Seller's Rep: Steve Harris (Re/Max Synergy)
The Cawley Chicago broker team, led by Vice President Matt Garland, successfully represented Freightbull in the acquisition of the maintenance facility. On the other side, Marvin Hill was represented by Steve Harris of Re/Max Synergy. The property's sale marks a significant transaction in the commercial real estate market of Tinley Park, showcasing the expertise and negotiation skills of the involved representatives.
Players
Tinley Park 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