Reisa Jiang Acquires Retail Property On Torrence Avenue In Calumet City, IL For $3.85M With Broker Reps Eric Mandell, Luc Hawkshaw, Kelly Hawkshaw & Jeffrey Ahn - Ally Commercial Real Estate
SOLD
$3,850,000
+ 1
Illinois
See Similar DealsRetail9,014 SF
Sold 07/17/2023
SOLD
Reisa Jiang Acquires Retail Property On Torrence Avenue In Calumet City, IL For $3.85M With Broker Reps Eric Mandell, Luc Hawkshaw, Kelly Hawkshaw & Jeffrey Ahn - Ally Commercial Real Estate
1243 Torrence Ave Calumet City, IL 60409, USA
See Similar DealsRetail9,014 SF
Sold 07/17/2023
+ 1
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$427
Total Square Footage:9,014 SF
Transaction Type:Sale
A retail property located at 1243 Torrence Avenue in Calumet City, IL has been sold for $3,850,000. The property spans 9,014 square feet and was sold at a price per square foot of $427.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,850,000
- Address: 1243 Torrence Avenue, Calumet City, IL
- Market: Calumet City, IL
- Buyer: Reisa Jiang
- Seller: Eric Wong
- Brokers: Eric Mandell, Luc Hawkshaw, Kelly Hawkshaw, and Jeffrey Ahn - Ally Commercial Real Estate
The deal was facilitated by the broker team consisting of Eric Mandell, Luc Hawkshaw, Kelly Hawkshaw, and Jeffrey Ahn from Ally Commercial Real Estate. They represented both the buyer, Reisa Jiang, and the seller, Eric Wong, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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