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

Property Image
SOLD
$2,650,000
Arjav (AJ) Patel
Brewster Hague

Illinois

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Development Site46,609 SF
Sold 10/20/2022
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Property Image
SOLD

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

6616 West 95th Street, Oak Lawn, Illinois 60453, United States

See Similar Deals
Development Site46,609 SF
Sold 10/20/2022
Arjav (AJ) Patel
Brewster Hague
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$56
Total Square Footage:46,609 SF
Transaction Type:Sale

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
Brewster Hague
24 deals$71.6M volume
BROKER
Arjav (AJ) Patel
Greenstone Partners
Arjav Patel
8 deals$34.3M volume
BROKER

Details

SOLD
IMAGE: Brewster Hague & AJ Patel DATE: 10/20/2022 ADDRESS: 6616 W 95th St MARKET: Oak Lawn, IL ASSET TYPE: Development Site BROKER: Brewster Hague (@Brewster_Hague) & AJ Patel - Greenstone Partners (@GreenstonePartners) SALE PRICE: $2,650,000 SF: 46,609 ~ PPSF: $57 ACRES: 1.07 ~ PPA: $1,558,823

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22