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304 South Arlington Heights...

Nedal Kawash Of Kawash Group Facilitates $900,000 Retail Gas Station Sale In Arlington Heights
SOLDRetail

Nedal Kawash Of Kawash Group Facilitates $900,000 Retail Gas Station Sale In Arlington Heights

304 South Arlington Heights Road

$900,000

$353/SF

Building Size

2,546 SF

Asset Type

Retail

Closing

Apr 8, 2024

AI

The retail (gas station) located at 304 South Arlington Heights Road in Arlington Heights was sold for $1,100,000. The property spans 2,546 square feet, resulting in a price per square foot of $432. The transaction took place between Abraham Philips of MKC Properties, the buyer, and Mohsin Mohsin of GMLS Enterprise, the seller. The deal was facilitated by brokers Nedal Kawash and a representative from Kawash Group.

Summary of transaction details:

  • Property Type: Retail (Gas Station)
  • Transaction Amount: $1,100,000
  • Buyer: Abraham Philips - MKC Properties
  • Seller: Mohsin Mohsin - GMLS Enterprise
  • Brokers: Nedal Kawash, - Kawash Group
  • Address: 304 South Arlington Heights Road
  • Market: Arlington Heights
  • SF: 2,546
  • PPSF: $432

The sale of the gas station in Arlington Heights involved prominent real estate figures including Abraham Philips from MKC Properties and Mohsin Mohsin from GMLS Enterprise. The transaction was successfully negotiated with the assistance of brokers Nedal Kawash and the representative from Kawash Group, bringing the deal to a close on April 8, 2024.

Players

Nedal Kawash

Kawash Group

Broker

$2.1M

vol

3 deals

Broker

Arlington Heights 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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93