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

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SOLD
$1,350,000

Illinois

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Mixed-use11,500 SF
Sold 12/21/2020
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Property Image
SOLD

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

6301 West Roosevelt Road, Berwyn, IL, USA

See Similar Deals
Mixed-use11,500 SF
Sold 12/21/2020
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$117
Total Square Footage:11,500 SF
Transaction Type:Sale

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.

Players

Eric Bell
13 deals$40.7M volume
BROKER

Kevin Rocio
At Properties Commercial
13 deals$15.5M volume(312) 972-4381
BROKER

Dominic Soltero
CBRE
3 deals$4.6M volume(913) 909-9529
BROKER

Details

SOLD
IMAGE: Dominic Soltero & Kevin Rocio DATE: 12/21/2020 ADDRESS: 6301 W. Roosevelt Road MARKET: Berwyn ASSET TYPE: Mixed-use BUYER: Radoncic Apartments LLC SELLER: Illinois White Pelican LLC BROKERS: Kevin Rocio (@ROCAdvisoryGroup) & Dominic Soltero - ROC Advisory GroupĀ @PropertiesCommercial, Eric Bell - Marcus & Millichap ASKING PRICE: $1,395,000 SALE PRICE: $1,350,000 UNITS: 18 ~ PPU: $75,000 CAP RATE: 10.06%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26