Omar Cavada - Century 21 Affiliated Acquires Development Site In Oak Brook, IL For $1.22M
SOLD
$1,225,017
Illinois
See Similar DealsDevelopment Site60,548 SF
Sold 04/23/2020
SOLD
Omar Cavada - Century 21 Affiliated Acquires Development Site In Oak Brook, IL For $1.22M
3605 Madison Street, Oak Brook, Illinois, USA
See Similar DealsDevelopment Site60,548 SF
Sold 04/23/2020
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$20
Total Square Footage:60,548 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,334.24
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.21
Annual Debt Service$69,686.47
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