Quantum Real Estate Advisors Inc. Brokers Sell Orland Park Retail Property For $1.4M
SOLD
$1,400,000
Illinois
See Similar DealsRetail2,321 SF
Sold 02/23/2021
SOLD
Quantum Real Estate Advisors Inc. Brokers Sell Orland Park Retail Property For $1.4M
15765 S Harlem Ave, Orland Park, IL, USA
See Similar DealsRetail2,321 SF
Sold 02/23/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$603
Total Square Footage:2,321 SF
Transaction Type:Sale
The retail property located at 15765 S. Harlem Ave. in Orland Park has been sold for $1,400,000. The transaction took place on February 23, 2021. Zack Hilgendorf and Dan Waszak from Quantum Real Estate Advisors Inc. represented the parties involved in the deal. The property is situated in the Orland Park market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 15765 S. Harlem Ave.
- Market: Orland Park
Zack Hilgendorf and Dan Waszak, both from Quantum Real Estate Advisors Inc., served as the brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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