Wolverine Property Group Acquires Mixed-use Property In Countryside For $400K
SOLD
$400,000
Illinois
See Similar DealsMixed-use3,650 SF
Sold 12/31/2020
SOLD
Wolverine Property Group Acquires Mixed-use Property In Countryside For $400K
5512 South Brainard Avenue, Countryside, IL, USA
See Similar DealsMixed-use3,650 SF
Sold 12/31/2020
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$109
Total Square Footage:3,650 SF
Transaction Type:Sale
Located at 5512 S. Brainard Avenue in Countryside, this mixed-use property was recently sold in a closed transaction on December 31, 2020. The property, captured in a photo by Kevin Rocio, offers a total square footage of 3,650. The sale price was $400,000, resulting in a price per square foot of $110. The property consists of 5 units, with each unit being valued at approximately $80,000. The transaction achieved a cap rate of 7.5%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $400,000
- Address: 5512 S. Brainard Avenue
- Market: Countryside
- Image: Kevin Rocio
- Date: 12/31/2020
Wolverine Property Group, LLC, represented by Kevin Rocio of ROC Advisor Group, acquired the property from the Robert G Schafer Revocable Trust. The seller was represented by Eric Bell and Christopher Malay from Marcus & Millichap. The deal between the buyer and seller was successfully negotiated, resulting in the sale of the property.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,421.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,896.20
Annual Debt Service$22,754.45
Is there something missing? Send suggestions