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6616 West 95th Street, Oak ...

Greenstone Partners Acquires Development Site In Oak Lawn For $2.65M
SOLDDevelopment Site

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

Brewster Hague

Greenstone Partners

Broker

$71.6M

vol

24 deals

Broker

Oak Lawn 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93