Greenstone Partners Acquires Development Site In Oak Lawn For $2.65M
6616 West 95th Street, Oak Lawn, Illinois 60453, United States
$2,650,000
$56/SF
Building Size
46,609 SF
Asset Type
Development Site
Closing
Oct 19, 2022
AI
A development site located at 6616 W 95th St in Oak Lawn, IL was recently sold for a total price of $2,650,000. The property spans approximately 46,609 square feet, resulting in a price per square foot of $57. The site covers an area of 1.07 acres, with a price per acre of $1,558,823.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,650,000
- Address: 6616 W 95th St, Oak Lawn, IL
- Market: Oak Lawn, IL
- Square Footage: 46,609
- Price per Square Foot: $57
- Acreage: 1.07
- Price per Acre: $1,558,823
The sale of this development site was facilitated by Brewster Hague and AJ Patel from Greenstone Partners. They represented the interested parties in the transaction, showcasing their expertise in the real estate market.
Players
Oak Lawn 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93