Radoncic Apartments LLC Acquires Mixed-use Property In Berwyn For $1.35M

The mixed-use property located at 6301 W. Roosevelt Road in Berwyn has been sold. The transaction took place on 12/21/2020. The property was purchased by Radoncic Apartments LLC from Illinois White Pelican LLC. The sale was facilitated by brokers Kevin Rocio and Dominic Soltero from ROC Advisory Group @PropertiesCommercial, along with Eric Bell from Marcus & Millichap. The property was listed with an asking price of $1,395,000 and was eventually sold for $1,350,000. It consists of 18 units, resulting in a price per unit of $75,000. The cap rate for this transaction is 10.06%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,350,000
• Date: 12/21/2020
• Market: Berwyn
• Buyer: Radoncic Apartments LLC
• Seller: Illinois White Pelican LLC
• Brokers: Kevin Rocio & Dominic Soltero - ROC Advisory Group @PropertiesCommercial, Eric Bell - Marcus & Millichap
• Units: 18
• Price per Unit: $75,000
• Cap Rate: 10.06%

Kevin Rocio and Dominic Soltero from ROC Advisory Group @PropertiesCommercial, along with Eric Bell from Marcus & Millichap, played crucial roles in facilitating this transaction. Radoncic Apartments LLC emerged as the buyer, while Illinois White Pelican LLC was the seller. The sale of this mixed-use property highlights the strong real estate market in Berwyn.