Orland Park Property Sold For $12.7 Million With Seller's Rep Jimmy Goodman Of The Boulder Group
17930 Wolf Rd, Orland Park, IL, 60467
$12,700,000
$200/SF
Building Size
63,400 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
A 63,400-square-foot property located at 17930 Wolf Rd, Orland Park, IL, has been sold for $12.7 million. The property is occupied by Jewel-Osco on a net-lease basis and was renovated in 2009. It also features a drive-thru pharmacy, with Jewel-Osco having 20 years remaining on its lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,700,000.00
- Address: 17930 Wolf Rd, Orland Park, IL, 60467
- Market: Orland Park
- Seller's Representative: Jimmy Goodman - The Boulder Group
- Buyer: Unknown
- Seller: Private real estate investment company based in the Southwest
- Broker: Randy Blankstein - The Boulder Group
- Investment Type: West Coast-based investor
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller during the transaction, facilitating the sale for the private real estate investment company. The completed deal reflects significant interest from investors, particularly from the West Coast.
Players
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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93