Brixmor Acquires Retail Property In Orland Park For $26M
15150 South La Grange Road, Orland Park, Illinois 60462, United States
$26,000,000
$257/SF
Building Size
101,167 SF
Asset Type
Retail
Closing
Feb 9, 2022
AI
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
Orland Park 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93