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15150 South La Grange Road,...

Brixmor Acquires Retail Property In Orland Park For $26M
SOLDRetail

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

George Good

CBRE

Broker

$273M

vol

10 deals

Broker
B
BrixmorBuyer

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