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
$1,800,000
$58/SF
Building Size
15,507 SF
Asset Type
Retail
Closing
Dec 12, 2023
About this deal
AI
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.
On the Map
$1,800,000
$58/SF
Retail
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Shorewood 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93