Retail Property In Oak Lawn, IL Sells For $3.3M With Broker Patrick J. Forkin - Baum Realty Group
SOLD
$3,300,000
Illinois
See Similar DealsRetail9,921 SF
Sold 07/19/2022
SOLD
Retail Property In Oak Lawn, IL Sells For $3.3M With Broker Patrick J. Forkin - Baum Realty Group
5020 West 95th Street, Oak Lawn, Illinois 60453, United States
See Similar DealsRetail9,921 SF
Sold 07/19/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$332
Total Square Footage:9,921 SF
Transaction Type:Sale
The retail property located at 5020 W 95th St in Oak Lawn, IL has been sold for a price of $3,300,000. This property, totaling 9,921 square feet, was sold on 07/20/2022. The sale price per square foot was $333. Patrick J. Forkin, representing Baum Realty Group, acted as the broker for this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Transaction Date: 07/20/2022
- Address: 5020 W 95th St, Oak Lawn, IL
- Square Footage: 9,921
- Price per Square Foot: $333
- Broker: Patrick J. Forkin - Baum Realty Group
Patrick J. Forkin from Baum Realty Group played a crucial role in representing the parties involved in this retail property sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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