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Newport Capital Partners Sells 67,146 SF Retail Center In Oak Brook Illinois For Closed Transaction
SOLD
Illinois
See Similar DealsRetail67,146 SF
Sold 07/10/2025
SOLD
Newport Capital Partners Sells 67,146 SF Retail Center In Oak Brook Illinois For Closed Transaction
1600 16th Street
See Similar DealsRetail67,146 SF
Sold 07/10/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:67,146 SF
Transaction Type:Sale
The transaction involved a retail asset located at 1600 16th Street in Oak Brook, IL. The property encompasses a total area of 67,146 square feet and was reported to be 98% leased at the time of closing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1600 16th Street
- Market: Oak Brook
- Seller: Josh Kagan - Newport Capital Partners
- Brokers: Joe Girardi & Emily Gadomski - Mid-America Real Estate Group
Joe Girardi and Emily Gadomski, representing the seller, facilitated the sale through Mid-America Real Estate Corp., highlighting their involvement in closing the transaction for The Oaks of Oak Brook.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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