National Investor Acquires Retail Property In Bridgeview, IL For $5.5M
7878 South Harlem Avenue, Bridgeview, IL, USA
$5,500,000
$363/SF
Building Size
15,120 SF
Asset Type
Retail
Closing
Apr 28, 2021
AI
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
Bridgeview 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93