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The Common Market Acquires Industrial Asset In Bedford Park For $5.32M With Christian Arai And Zach Binswanger As Brokers

Property Image
SOLD
$5,321,043
Christian K. Arai, CCIM
Zachary (Zach) Binswanger

Illinois

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Industrial84,461 SF
Sold 03/13/2025
the dealplayerscompscontact
Property Image
SOLD

The Common Market Acquires Industrial Asset In Bedford Park For $5.32M With Christian Arai And Zach Binswanger As Brokers

7424 South Lockwood Avenue

See Similar Deals
Industrial84,461 SF
Sold 03/13/2025
Christian K. Arai, CCIM
Zachary (Zach) Binswanger
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:84,461 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 7424 South Lockwood Avenue in the Bedford Park market. The sale price was $5,321,043, with a total square footage of 84,461, resulting in a price per square foot of $63.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $5,321,043
  • Address: 7424 South Lockwood Avenue
  • Market: Bedford Park
  • Square Footage: 84,461
  • Price Per Square Foot: $63
  • Buyer: The Common Market
  • Buyer’s Representative: Christian Arai - CRER (Chicago Real Estate Resources)
  • Seller’s Representative: Zach Binswanger - Binswanger

Christian Arai from Chicago Real Estate Resources represented the buyer, The Common Market, in this transaction. Zach Binswanger from Binswanger was the representative for the seller during the deal.

Players

Christian K. Arai, CCIM
CRER (Chicago Real Estate Resources)
Christian K. Arai, CCIM
6 deals$12.9M volume(312) 523-4068
BROKER
Zachary (Zach) Binswanger
Binswanger
Zachary Binswanger
1 deal$5.3M volume(215) 919-0724
BROKER

Details

SOLD
IMAGE: Christian Arai & Zach Binswanger DATE: 03/13/2025 ADDRESS: 7424 South Lockwood Avenue MARKET: Bedford Park ASSET TYPE: Industrial BUYER: The Common Market BUYER'S REP: Christian Arai - CRER (Chicago Real Estate Resources) (@CRERChicago) SELLER'S REP: Zach Binswanger - Binswanger (@BinswangerGlobal) SALE PRICE: $5,321,043 SF: 84,461 ~ PPSF: $63

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

$283,788.96

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,904.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,224.46
Annual Debt Service$302,693.50