Inland Real Estate Acquisitions LLC Purchases Property In Stickney Illinois With Buyer's Rep G. Joseph Cosenza
7122 40th St, Stickney, IL, 60402
Building Size
248,622 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 7122 40th St, Stickney, IL, 60402, within the Berwyn market. This asset is part of a larger portfolio consisting of four retail properties occupied by Jewel-Osco and encompasses a total of 248,622 square feet with newly established 20-year leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 7122 40th St, Stickney, IL, 60402
- Market: Berwyn
- Buyer: Inland Real Estate Acquisitions LLC
- Buyer's Rep: G. Joseph Cosenza - Inland Real Estate Acquisitions LLC
Joe Cosenza, representing Inland Real Estate Acquisitions LLC, along with Gina LaMantia, managing counsel for Charles J. Benvenuto PC, facilitated the transaction on behalf of an Inland affiliate. The seller details were not disclosed.
On the Map
Retail
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Players
Berwyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93