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Quantum Real Estate Advisors Brokers $1.8M Sale Of 15.5K SF Retail Center In Shorewood, IL

Property Image
SOLD
$1,800,000
Chad Firsel
Daniel Waszak

Illinois

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Retail31,014 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Quantum Real Estate Advisors Brokers $1.8M Sale Of 15.5K SF Retail Center In Shorewood, IL

209 Brook Forest Avenue & 225 Brook Forest Avenue

See Similar Deals
Retail31,014 SF
Sold
Chad Firsel
Daniel Waszak
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$58
Total Square Footage:31,014 SF
Transaction Type:Sale

An investor from California has sold a retail center in Shorewood, Illinois for $1.8 million. The property, located at 209-225 Brook Forest Avenue, spans 15,507 square feet and is 85% leased. It is shadow anchored by Jewel-Osco. The transaction took place with representation by Chad Firsel and Dan Waszak of Quantum Real Estate Advisors.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,800,000
  • Square Footage: 15,507
  • Price Per Square Foot: $116
  • Address: 209-225 Brook Forest Avenue
  • Market: Shorewood

The buyer of the retail center in Shorewood, Illinois is an Indiana-based private investor. Quantum Real Estate Advisors, represented by Chad Firsel and Dan Waszak, facilitated the sale of this mid-2000s property, which is situated approximately 45 miles southwest of Chicago. With its prime location and strong tenant occupancy, this retail center presents an excellent investment opportunity.

Players

Daniel Waszak
Quantum Real Estate Advisors
Daniel Waszak
15 deals$74.4M volume
BROKER
Chad Firsel
Quantum Real Estate Advisors
Chad Firsel
10 deals$62.1M volume
BROKER

Details

SOLD
IMAGE: Daniel Waszak & Chad Firsel DATE: 12/12/2023 ADDRESS: 209-225 Brook Forest Avenue MARKET: Shorewood ASSET TYPE: Retail BROKERS: Chad Firsel (@CMFirsel) & Daniel Waszak - Quantum Real Estate Advisors (@QREAdvisors_Inc) SALE PRICE: $1,800,000 SF: 15,507 ~ PPSF: $116 NOTE: Quantum Real Estate Advisors brokered the $1.8 million sale of a 15,507-square-foot retail center in Shorewood, Illinois, 45 miles southwest of Chicago. The mid-2000s property on Brook Forest Avenue, 85% leased and shadow anchored by Jewel-Osco, was sold by a California-based investor to an Indiana-based private investor, with representation by Chad Firsel and Dan Waszak of Quantum.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
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