Horvath & Tremblay Represents Buyer In $3M Oak Lawn Retail Sale
SOLD
$3,000,000
Illinois
See Similar DealsRetail26,331 SF
Sold 08/24/2020
SOLD
Horvath & Tremblay Represents Buyer In $3M Oak Lawn Retail Sale
10301 South Central Avenue, Oak Lawn, IL, USA
See Similar DealsRetail26,331 SF
Sold 08/24/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$113
Total Square Footage:26,331 SF
Transaction Type:Sale
A retail property located at 10301-10345 Central Ave in Oak Lawn, Il has been sold for $3,000,000. The property spans 26,331 square feet, resulting in a price per square foot of $114.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 10301-10345 Central Ave, Oak Lawn, Il
- Market: Oak Lawn, Il
- Buyer's Representative: Mark Heidecke - Horvath & Tremblay
- Seller's Representative: Dominick Cannata - Brookline Real Estate
Mark Heidecke from Horvath & Tremblay represented the buyer in this transaction, while Dominick Cannata from Brookline Real Estate represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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