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4861 West 95th Street, Oak ...

Marcus & Millichap Sells Oak Lawn Office For $1.6M
SOLDOffice

Marcus & Millichap Sells Oak Lawn Office For $1.6M

4861 West 95th Street, Oak Lawn, IL, USA

$1,596,019

$241/SF

Building Size

6,600 SF

Asset Type

Office

Closing

Nov 8, 2020

AI

An office property located at 4861 W. 95th Street in Oak Lawn has been sold for a total price of $1,596,019. The sale took place on 11/09/2020 and was facilitated by brokers Steven D. Weinstock, Dominic Sulo, and Richard Kozarits from Marcus & Millichap. The office space spans approximately 6,600 square feet, resulting in a price per square foot of $242.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,596,019
  • Address: 4861 W. 95th Street
  • Market: Oak Lawn
  • Square Footage: 6,600
  • Price per Square Foot: $242

This sale was made possible by the efforts of Steven D. Weinstock, Dominic Sulo, and Richard Kozarits who represented the buyer and seller in the transaction. The office property in question is located in Oak Lawn's market, offering a valuable asset for its new owner. Marcus & Millichap played a crucial role as the brokerage firm involved in the deal.

Players

Dominic Sulo

Marcus & Millichap

Broker

$148.8M

vol

22 deals

Broker

Oak Lawn Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.94%

Cash-on-Cash

-2.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93