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
$1,900,000
Building Size
—
Asset Type
Retail
Closing
Jul 10, 2023
AI
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.
Players
Chicago 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93