Quantum Real Estate Advisors Inc Sells Orland Park Retail Property For $2.4M
SOLD
$2,400,000
Illinois
See Similar DealsRetail17,342 SF
Sold
SOLD
Quantum Real Estate Advisors Inc Sells Orland Park Retail Property For $2.4M
16124 South La Grange Road, Orland Park, Illinois 60467, United States
See Similar DealsRetail17,342 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$138
Total Square Footage:17,342 SF
Transaction Type:Sale
Located in Orland Park, the retail property at 16124 S. La Grange Road recently transacted in a sale. The deal was facilitated by Chad Firsel of Quantum Real Estate Advisors Inc. The transaction took place on July 27, 2022, with Chad Firsel representing the parties involved.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Square Footage: 17,342
- Price per Square Foot: $138
The property at 16124 S. La Grange Road in Orland Park boasts a total square footage of 17,342. With a sale price of $2,400,000, the property was sold at a price per square foot of $138. Chad Firsel of Quantum Real Estate Advisors Inc played a key role in finalizing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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