Horvath & Tremblay Represents Buyer In $1.65M Retail Property Sale In Villa Park, IL
SOLD
$1,650,000
Illinois
See Similar DealsRetail11,050 SF
Sold 09/08/2022
SOLD
Horvath & Tremblay Represents Buyer In $1.65M Retail Property Sale In Villa Park, IL
1638 Ardmore Avenue
See Similar DealsRetail11,050 SF
Sold 09/08/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$149
Total Square Footage:11,050 SF
Transaction Type:Sale
A retail property located at 1638 Ardmore Ave in Villa Park, IL has been sold for a price of $1,650,000. The property has a total square footage of 11,050, resulting in a price per square foot of $149.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 11,050
- Price per Square Foot: $149
- Address: 1638 Ardmore Ave, Villa Park, IL
- Market: Villa Park, IL
The buyer's representative in this transaction was Mark Heidecke from Horvath & Tremblay, while Pradeep Shukla from RE/MAX Renaissance represented the seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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