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South Archer Avenue, Chicag...

Retail Property On S Archer Avenue In Chicago Sold For $1.2M With Brokers Mark Heidecke & John Przybyla - Horvath & Tremblay
SOLDRetail

Retail Property On S Archer Avenue In Chicago Sold For $1.2M With Brokers Mark Heidecke & John Przybyla - Horvath & Tremblay

South Archer Avenue, Chicago, IL, USA

$1,200,000

$83/SF

Building Size

14,321 SF

Asset Type

Retail

Closing

Jul 11, 2021

AI

The retail property located at 5322-5336 S Archer Avenue in Chicago has been sold for a price of $1,200,000. The property spans a total area of 14,321 square feet, resulting in a price per square foot of $84. The transaction took place on July 12, 2021, and the sale was facilitated by brokers Mark Heidecke and John Przybyla from Horvath & Tremblay.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $1,200,000
  • Address: 5322-5336 S Archer Avenue, Chicago
  • Market: Chicago
  • Square Footage: 14,321
  • Price per Square Foot: $84
  • Brokers: Mark Heidecke & John Przybyla - Horvath & Tremblay

The sale of this retail property on S Archer Avenue was completed through the efforts of Mark Heidecke and John Przybyla from Horvath & Tremblay. These brokers represented the parties involved in the transaction, facilitating a successful deal in the Chicago market.

Players

John Przybyla

Horvath & Tremblay

Broker

$45M

vol

17 deals

Broker

Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93