Updated Dec 21, 2023
Omar Cavada - Century 21 Affiliated Acquires Development Site In Oak Brook, IL For $1.22M
3605 Madison Street, Oak Brook, Illinois, USA
$1,225,017
$20/SF
Building Size
60,548 SF
Asset Type
Development Site
Closing
Apr 23, 2020
About this deal
AI
A development site located at 3605 Madison St in Oak Brook, IL has been sold for a price of $1,225,017. The property spans across 1.39 acres, yielding a price per acre of approximately $881,307.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,225,017
- Address: 3605 Madison St, Oak Brook, IL
- Market: Oak Brook, IL
- Buyer's Representative: Omar Cavada - Century 21 Affiliated
- Seller's Representative: Chris Pequet - Jameson Sotheby's International Realty
Omar Cavada from Century 21 Affiliated represented the buyer in this transaction, while Chris Pequet from Jameson Sotheby's International Realty represented the seller.
On the Map
$1,225,017
$20/SF
Development Site
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Players
Oak Brook Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93