Brixmor Acquires Retail Property In Orland Park For $26M
SOLD
$26,000,000
Illinois
See Similar DealsRetail101,167 SF
Sold 02/10/2022
SOLD
Brixmor Acquires Retail Property In Orland Park For $26M
15150 South La Grange Road, Orland Park, Illinois 60462, United States
See Similar DealsRetail101,167 SF
Sold 02/10/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$257
Total Square Footage:101,167 SF
Transaction Type:Sale
The retail property located at 15150 South La Grange Rd in Orland Park has been sold for a total of $26,000,000. The transaction took place on 02/10/2022. The property spans a total area of 101,167 square feet, resulting in a price per square foot of $257. The buyer of the property is Brixmor, while the seller is Inland Real Estate Group.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Date: 02/10/2022
- Address: 15150 South La Grange Rd
- Market: Orland Park
- Asset Type: Retail
The deal was facilitated by the brokers George Good and Christian Williams from CBRE, representing both the buyer and the seller in the transaction. Their expertise and negotiation skills were instrumental in bringing the deal to fruition.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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