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10301 Central Ave, Oak Lawn...

Mark Heidecke Of Horvath & Tremblay Represents Buyer In $3M Sale At 10301 Central Ave Oak Lawn
SOLDRetail

Mark Heidecke Of Horvath & Tremblay Represents Buyer In $3M Sale At 10301 Central Ave Oak Lawn

10301 Central Ave, Oak Lawn, IL, 60453

$3,000,000

$113/SF

Building Size

26,331 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is a retail center located at 10301 Central Ave, Oak Lawn, IL, 60453. The sale was completed for a total price of $3,000,000.00, encompassing a total square footage of 26,331. The market for this asset is identified as Oak Lawn, a suburb located to the south of Chicago.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: $3,000,000.00
  • Square Footage: 26,331
  • Address: 10301 Central Ave, Oak Lawn, IL, 60453
  • Buyer's Representative: Mark Heidecke - Horvath & Tremblay
  • Seller's Representative: Dominick Cannata
  • Buyer: Unknown
  • Seller: Unknown

The transaction included prominent anchor tenants such as Family Dollar and Dunkin’. Dominick Cannata of Brookline represented the Florida-based seller while Mark Heidecke of Horvath & Tremblay represented the Texas-based buyer. Brookline Real Estate previously served as the leasing agent and property manager prior to the sale. The new owner will retain Brookline as the property manager moving forward.

Players

Mark Heidecke

Horvath & Tremblay

Broker

$104.6M

vol

40 deals

Broker

Oak Lawn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93