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734 West 22nd Street

Updated Feb 5, 2025

Kimco Realty Corp Purchases Property At 17W734 22nd St Villa Park For $21M
SOLDRetail

Kimco Realty Corp Purchases Property At 17W734 22nd St Villa Park For $21M

734 West 22nd Street

$21,000,000

$119/SF

Building Size

176,164 SF

Asset Type

Retail

Closing

May 23, 2019

About this deal

AI

The property asset involved in the transaction is a retail property known as 22nd Street Plaza, located at 17W734 22nd Street in Oakbrook Terrace, Illinois. It encompasses a total area of 176,164 square feet and was sold for $21,000,000. The property is fully leased, hosting retailers including Home Depot, Party City, and Big Lots, along with restaurants such as Twin Peaks and Naf Naf Grill. It offers 850 parking spaces for its clientele.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $21,000,000
  • Square Footage: 176,164
  • Address: 17W734 22nd St, Villa Park, IL, 60181
  • Market: Oakbrook Terrace
  • Seller: Unknown
  • Buyer: Kimco Realty Corp
  • Seller's Representatives: Christian (Chris) Williams (CBRE), George Good (CBRE)

The deal involved Christian (Chris) Williams and George Good from CBRE representing the seller in this transaction. The buyer, Kimco Realty Corp, is a prominent real estate investment trust with a significant portfolio in the retail sector. Notably, the property is well-positioned in a high-traffic area, which is expected to sustain interest from national retailers seeking prime retail opportunities.

On the Map

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$21,000,000

$119/SF

Retail

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Players

George Good

CBRE

Broker

$273M

vol

10 deals

Broker
Kimco Realty
Kimco RealtyBuyer
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Villa Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $119 per square foot on a published $21M for 176,164 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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