SOLDOffice
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
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.
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