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
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