Mark Heidecke Sells Mixed-Use Property In Palos Heights For $6.7M
SOLD
$6,700,000
Illinois
See Similar DealsMixed-use67,321 SF
Sold 07/03/2024
SOLD
Mark Heidecke Sells Mixed-Use Property In Palos Heights For $6.7M
11721 Southwest Highway
See Similar DealsMixed-use67,321 SF
Sold 07/03/2024
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$99
Total Square Footage:67,321 SF
Transaction Type:Sale
The mixed-use property located at 11721 Southwest Highway in Palos Heights was sold for $6,700,000. The property spans 67,321 square feet, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,700,000
- Broker: Mark Heidecke - Horvath & Tremblay
- Market: Palos Heights
Mark Heidecke from Horvath & Tremblay represented the parties involved in the sale of the mixed-use property at 11721 Southwest Highway. The transaction took place on 07/03/2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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