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
31,014 SF
Asset Type
Retail
Closing
Dec 12, 2023
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.
Players
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