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3120 Oak Park Avenue

SS Properties Acquires Mixed-Use Property In Berwyn For $2M
SOLDMixed-use

SS Properties Acquires Mixed-Use Property In Berwyn For $2M

3120 Oak Park Avenue

$2,000,000

$129/SF

Building Size

15,400 SF

Asset Type

Mixed-use

Closing

Dec 21, 2023

AI

The mixed-use property located at 3120 Oak Park Avenue in Berwyn has been sold in a recent transaction. The property spans across 15,400 square feet and was sold for a total price of $2,000,000, resulting in a price per square foot of $130.

Summary of transaction details

The transaction involved the buyer, SS Properties, represented by Ben Mehmeti, and the seller, Dorthy Calek. The deal was facilitated by the brokers Christopher Malay, Eric Bell, and Jordan Callaway from Marcus & Millichap.

Players

Eric Bell

Marcus & Millichap

Broker

$40.7M

vol

13 deals

Broker

Berwyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93