Baum Realty Group Acquires Office Property In River Forest For $8.7M
7617 North Avenue, River Forest, Illinois 60305, United States
$8,700,000
Building Size
—
Asset Type
Office
Closing
Jun 21, 2022
About this deal
AI
A $8,700,000 office property located at 7617 North Ave in River Forest was recently sold. The transaction took place on 06/22/2022, and the sale was facilitated by Patrick Forkin from Baum Realty Group LLC.
Summary of transaction details
- Property Type: Office
- Sale Price: $8,700,000
- Address: 7617 North Ave, River Forest
- Market: River Forest
Patrick Forkin from Baum Realty Group LLC represented the buyer/seller/landlord/tenant in this transaction.
The office sale at 7617 North Avenue, River Forest, Illinois 60305, United States in River Forest, Illinois sold for $8.7M in 2022. 7617 North Avenue, River Forest, Illinois 60305, United States is classified as Office on Traded. Patrick Forkin, Baum Realty Group appear on the sale alongside Baum Realty Group. This page is the River Forest, Illinois file for the 7617 North Avenue, River Forest, Illinois 60305, United States office sold: pricing, party profiles, and other closed office comps from the same River Forest sit in the Market section below. Filter that River Forest office set by closing date to see what else sold near 7617 North Avenue, River Forest, Illinois 60305, United States around 2022. Published consideration for 7617 North Avenue, River Forest, Illinois 60305, United States is $8.7M, dated 2022. Cite this Baum Realty Group Acquires Office Property In River Forest For $8.7M sale when underwriting similar office product around River Forest, Illinois.
Players
River Forest 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93