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7455 Duvan Dr, Tinley Park,...

Freightbull Buys Commercial Property On 7455 Duvan Dr In Tinley Park
SOLDCommercial

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

Matt Garland

Cawley Chicago

Broker

9 deals

Broker

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