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Marcus & Millichap Arranges $5.8 Million Sale Of Retail Center In Tinley Park, IL
SOLD
$5,800,000
+ 1
Illinois
See Similar DealsRetail
Sold 03/17/2025
SOLD
Marcus & Millichap Arranges $5.8 Million Sale Of Retail Center In Tinley Park, IL
7301 183rd Street
See Similar DealsRetail
Sold 03/17/2025
+ 1
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
The property involved in this transaction is a retail center located at 7301 183rd Street in Tinley Park, IL. The asset spans 3.5 acres and was sold for $5,800,000. This retail center comprises 11 suites and is anchored by well-known establishments, Buffalo Wild Wings and Pop’s Italian Beef.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,800,000
- Address: 7301 183rd Street
- Market: Tinley Park
- Acres: 3.5
Adrian Mendoza, Sean Sharko, and Austin Weisenbeck from Marcus & Millichap represented the seller in this transaction. Additionally, Dean Giannakopoulos, also from Marcus & Millichap Capital Corp, arranged $4,100,000 in financing for the buyer, identified as a California-based investor.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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