French Buyer Acquires Retail Property In Chicago Heights For $4.8M
1401 Western Avenue, Chicago Heights, IL, USA
$4,835,629
$346/SF
Building Size
13,943 SF
Asset Type
Retail
Closing
Mar 9, 2021
About this deal
AI
A retail property located at 1401 Western Avenue in Chicago Heights has been sold in a recent transaction. The property, spanning 13,943 square feet, was purchased by French Buyer from the Private Real Estate Partnership. The deal was facilitated by brokers Randy Blankstein and Jimmy Goodman from an undisclosed agency. The transaction took place on March 10, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,835,629
- Square Footage: 13,943
- Price Per Square Foot: $347
- Address: 1401 Western Avenue, Chicago Heights
- Market: Chicago Heights
Randy Blankstein and Jimmy Goodman, representing the buyer and seller respectively, played a crucial role in the successful completion of the deal. The involvement of these experienced brokers highlights the importance of their expertise in navigating the transaction.
Players
Olympia Fields 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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93