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
Oak Lawn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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