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
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