Legacy Real Estate Advisors Represents Buyer In $2M Retail Sale In Cicero, IL

The retail property located at 6101 W Ogden Avenue in Cicero, IL has been sold. The transaction closed on September 29, 2022. The property spans over 7,462 square feet and was sold for a price of $2,000,000, resulting in a price per square foot of $268. The buyer's representative for this deal was Ray Shammamie & Malak Hanakachal from Legacy Real Estate Advisors, while the seller's representative was Vickie C. Soupos from Colovos | Soupos Group - RE/MAX Destiny.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,000,000
• Square Footage: 7,462
• Price per Square Foot: $268
• Address: 6101 W Ogden Avenue, Cicero, IL
• Market: Cicero, IL

The COLOVOS | SOUPOS Group of RE/MAX Destiny represented the seller, Tri Pegasus, in this transaction. Despite receiving multiple offers and with only 3.5 years left on the lease, the property closed at a 6.9% capitalization rate. This successful sale allowed the seller to reinvest in other commercial opportunities.