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
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.
Players
Oak Brook Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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