Horvath & Tremblay And Cornerstone Commercial Real Estate Sell Skokie Retail Property For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsRetail9,000 SF
Sold 04/19/2022
SOLD
Horvath & Tremblay And Cornerstone Commercial Real Estate Sell Skokie Retail Property For $1.1M
3510 Dempster Street, Skokie, Illinois 60076, United States
See Similar DealsRetail9,000 SF
Sold 04/19/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$122
Total Square Footage:9,000 SF
Transaction Type:Sale
The retail property located at 3510-3528 Dempster St in Skokie has been sold for a total price of $1,100,000. The property spans approximately 9,000 square feet, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,100,000
- Address: 3510-3528 Dempster St
- Market: Skokie
Ryan Link from Horvath & Tremblay and Peter Karlis from Cornerstone Commercial Real Estate represented the parties involved in the transaction as the brokers. They facilitated the successful sale of this retail property in Skokie.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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