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7878 South Harlem Avenue, B...

National Investor Acquires Retail Property In Bridgeview, IL For $5.5M
SOLDRetail

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

Tyler Dechter

Baum Realty Group

Broker

$53.9M

vol

11 deals

Broker

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