Core Acquisitions And T2 Capital Management Sell Fully Leased Retail Center In Oak Lawn For $2.1M
5437 West 95th Street
$2,100,000
Building Size
—
Asset Type
Retail
Closing
Jan 15, 2024
AI
Core Acquisitions and T2 Capital Management have sold a fully leased retail center located at 5437 West 95th Street in Oak Lawn, Chicago. The property was recently renovated and consists of two tenants, Chicago Title and Hassleless Mattress. The sale was facilitated by Quantum Real Estate Advisors on behalf of the sellers, with a California-based buyer acquiring the property for $2.1 million.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Date: 01/15/2024
- Address: 5437 West 95th Street, Oak Lawn, Chicago
- Market: Oak Lawn
The sellers of the retail center were Adam Firsel from Core Acquisitions and Jeff D. Brown from T2 Capital Management. Representing the sellers in the transaction were brokers Brett Berlin and Chad Firsel from Quantum Real Estate Advisors.
Players
Oak Lawn 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93