Marcus & Millichap Brokers Sell Retail Property In Alsip For $5.1M
4000 West 127th Street, Alsip, IL, USA & 4000 West 127th Street, Alsip, IL, USA
$5,100,000
$637/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Sep 21, 2020
About this deal
AI
The retail property located at 4000 West 127th Street in Alsip was recently sold for a total of $5,100,000. The property spans 4,000 square feet, resulting in a price per square foot of $1,275.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Square Footage: 4,000
- Price per Square Foot: $1,275
- Date: 09/22/2020
- Market: Alsip
The sale was facilitated by Austin Weisenbeck and Sean Sharko of Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful deal for all parties.
Players
Alsip 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93