National Investor Acquires Retail Property In Bridgeview, IL For $5.5M
SOLD
$5,500,000
Illinois
See Similar DealsRetail15,120 SF
Sold 04/29/2021
SOLD
National Investor Acquires Retail Property In Bridgeview, IL For $5.5M
7878 South Harlem Avenue, Bridgeview, IL, USA
See Similar DealsRetail15,120 SF
Sold 04/29/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$363
Total Square Footage:15,120 SF
Transaction Type:Sale
A retail property located at 7878 S Harlem Ave in Bridgeview, IL was recently sold in a transaction. The property spans approximately 15,120 square feet and is situated on 1.55 acres of land. The sale price for this retail asset was $5,500,000, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 7878 S Harlem Ave, Bridgeview, IL
- Market: Bridgeview, IL
The buyer of this retail property was a national investor, while the seller was a private local seller. The deal was facilitated by three brokers: Patrick Forkin from Forkin Commercial Real Estate, Victor Wierzba, and Tyler Dechter.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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