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Marcus & Millichap Sells Westchester Development Site On Mannheim Rd For $1.8M

Property Image
SOLD
$1,800,000
Tammy Saia
Tami Andrew
Richard Kozarits

Illinois

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Development Site14,200 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Westchester Development Site On Mannheim Rd For $1.8M

1107 South Mannheim Road, Westchester, IL, USA

See Similar Deals
Development Site14,200 SF
Sold
Tammy Saia
Tami Andrew
Richard Kozarits
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$126
Total Square Footage:14200 SF
Transaction Type:Sale

An industrial development site located at 1107 S. Mannheim Road in Westchester, Illinois has been sold for $1,800,000. The site encompasses 2.98 acres, resulting in a price per acre of approximately $604,027. The transaction took place on April 1, 2021 and was facilitated by Richard Kozarits, Tammy Saia, and Tami Andrew from the brokerage firm Marcus & Millichap.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,800,000
  • Address: 1107 S. Mannheim Road, Westchester, IL
  • Market: Westchester, IL
  • Broker: Richard Kozarits, Tammy Saia, and Tami Andrew - Marcus & Millichap

The sale of this development site at 1107 S. Mannheim Road highlights its potential for future development and investment opportunities. With a size of 2.98 acres, the property offers ample space for new construction or repurposing. Located in Westchester, Illinois, the site benefits from its strategic location in a growing market.

Players

Richard Kozarits
Marcus & Millichap
Richard Kozarits
7 deals$16.8M volume
BROKER
Tammy Saia
Marcus & Millichap
Tammy Saia
10 deals$25.9M volume
BROKER
Tami Andrew
Marcus & Millichap
Tami Andrew
10 deals$25.9M volume
BROKER

Details

SOLD
IMAGE: Tammy Saia, Tami Andrew & Richard Kozarits DATE: 04/01/2021 ADDRESS: 1107 S. Mannheim Road MARKET: Westchester, Il ASSET TYPE: Development Site BROKERS: Richard Kozarits, Tammy Saia & Tami Andrew - Marcus & Millichap PRICE: $1,800,000 ACRES: 2.98 ~ PPA: $604,027

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02