SS Properties Acquires Mixed-Use Property In Berwyn For $2M
SOLD
$2,000,000
Illinois
See Similar DealsMixed-use15,400 SF
Sold 12/21/2023
SOLD
SS Properties Acquires Mixed-Use Property In Berwyn For $2M
3120 Oak Park Avenue
See Similar DealsMixed-use15,400 SF
Sold 12/21/2023
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$129
Total Square Footage:15,400 SF
Transaction Type:Sale
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
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Address: 3120 Oak Park Avenue, Berwyn
- Market: Berwyn
- Buyer: SS Properties - Ben Mehmeti
- Seller: Dorthy Calek
- Brokers: Christopher Malay, Eric Bell & Jordan Callaway - Marcus & Millichap
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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