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FCA Purchases Property In Park Ridge For $4,099,999 With Greg Dietz As Seller's Representative

Property Image
SOLD
$4,099,999

Illinois

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MultiFamily
Sold 01/17/2017
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Property Image
SOLD

FCA Purchases Property In Park Ridge For $4,099,999 With Greg Dietz As Seller's Representative

101 S Washington Ave, Park Ridge, IL...

See Similar Deals
MultiFamily
Sold 01/17/2017
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A medical building located at 101 South Washington Ave in Park Ridge, IL has been sold for $4,099,999. The property is fully leased and consists of 14,000 square feet, situated in the Park Ridge market.

Summary of transaction details:

  • Property Type: Medical Building
  • Transaction Amount: $4,099,999
  • Address: 101 S Washington Ave, Park Ridge, IL
  • Market: Park Ridge
  • Seller's Representative: Greg Dietz
  • Buyer: FCA

In this transaction, Greg Dietz and Danny Spitz of Baum Realty represented the seller. The deal highlights the involvement of prominent brokers in facilitating the transaction, ensuring smooth negotiations for both parties.

Players

Greg Dietz
Greg Dietz
3 deals$12.8M volume
BROKER
FCA
FCA
BUYER

Details

SOLD
IMAGE: 101 S Washington Ave, Park Ridge, IL... MARKET: Park Ridge SELLER'S REP: Greg Dietz() BUYER: FCA SELLER: PRICE: $4,099,999.00 SF: 0

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

$218,666.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.04