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Mixed-Use Property In Woodridge Sold For $9.5M By Marcus & Millichap

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SOLD
$9,500,000

Illinois

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Mixed-use49,115 SF
Sold 03/10/2023
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Property Image
SOLD

Mixed-Use Property In Woodridge Sold For $9.5M By Marcus & Millichap

6440 Main Street, Woodridge, Illinois 60517, United States

See Similar Deals
Mixed-use49,115 SF
Sold 03/10/2023
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$193
Total Square Footage:49,115 SF
Transaction Type:Sale

Located at 6440 Main Street in Woodridge, this recently closed property transaction involved a mixed-use asset. The sale took place on March 10, 2023, with Marcus & Millichap representing the sellers. The property spans 49,115 square feet, and it was sold for a total price of $9,500,000, resulting in a price per square foot of $193.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $9,500,000
  • Address: 6440 Main Street
  • Market: Woodridge
  • BROKERS: Steven Weinstock, Alex Perez & Chris Garavaglia - Marcus & Millichap
  • SF: 49,115
  • PPSF: $193

Leading the deal were brokers Steven Weinstock, Alex Perez, and Chris Garavaglia, all from Marcus & Millichap. Their efforts and representation played a crucial role in the successful completion of this transaction.

Players

Steven Weinstock
19 deals$73.1M volume
BROKER

Details

SOLD
IMAGE: Chris Garavaglia, Alex Perez & Steven Weinstock DATE: 03/10/2023 ADDRESS: 6440 Main Street MARKET: Woodridge ASSET TYPE: Mixed-use BROKERS: Steven Weinstock, Alex Perez & Chris Garavaglia - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $9,500,000 SF: 49,115 ~ PPSF: $193

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
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