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Marcus & Millichap Brokers $1.9M Sale Of South Holland Retail Property With Chase Bank & CD One Price Cleaners
SOLD
$1,900,000
Illinois
See Similar DealsRetail
Sold 07/10/2023
SOLD
Marcus & Millichap Brokers $1.9M Sale Of South Holland Retail Property With Chase Bank & CD One Price Cleaners
350 East 162nd Street South Holland, Illinois 60473, USA
See Similar DealsRetail
Sold 07/10/2023
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
A two-tenant retail property located at 350 East 162nd Street in South Holland, Chicago has been sold for $1.9 million. The property includes Chase Bank and CD One Price Cleaners, making it a valuable retail asset in the area.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 350 East 162nd Street
- Market: South Holland
Marcus & Millichap brokered the sale of this retail property. The deal was facilitated by brokers Ashish Vakhariya, Seth Haron, and Darin Gross. The buyer completed a 1031 exchange as part of the transaction, further demonstrating the strategic value of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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