Horvath & Tremblay Represents Buyer In $1.47M Sale Of Retail Property In Chicago
6040 S Archer Ave, Chicago
$1,474,000
$576/SF
Building Size
2,555 SF
Asset Type
Retail
Closing
Sep 2, 2022
About this deal
AI
The retail property located at 6040 S Archer Ave in Chicago has been sold for $1,474,000. The sale was facilitated by Mark Heidecke from Horvath & Tremblay, who represented the buyer, and Justin Zahn from Commercial Investment Advisors, INC., who represented the seller. The property spans 2,555 square feet and was sold at a price per square foot of $577.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,474,000
- Address: 6040 S Archer Ave, Chicago
- Market: Chicago
- Buyer's Representative: Mark Heidecke - Horvath & Tremblay
- Seller's Representative: Justin Zahn - Commercial Investment Advisors, INC.
- Square Footage: 2,555
- Price per Square Foot: $577
Mark Heidecke from Horvath & Tremblay played a crucial role in representing the buyer during the transaction. On the other side, Justin Zahn from Commercial Investment Advisors, INC. acted as the seller's representative. The successful deal reflects their expertise and dedication in the real estate market.
On the Map
$1,474,000
$576/SF
Retail
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Players
Chicago 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
10.76%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93