Marcus & Millichap Sells Retail Property In Willowbrook For $675K
7900 Joliet Rd, Willowbrook, IL, 60527
$675,000
Building Size
—
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The retail property located at 7900 Joliet Rd, Willowbrook, IL, 60527, known as Kerry Piper, was recently sold for $675,000. The property, brokered by Richard Kozarits from Marcus & Millichap, offers a prime location near the intersection of Route 83 and Interstate 55 in Willowbrook.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $675,000.00
- Seller's Rep: Richard Kozarits (Marcus & Millichap)
- Buyer: Unknown
- Market: Willowbrook
Steven D. Weinstock, the regional manager and first vice president of Marcus & Millichap's Chicago Oak Brook office, oversaw the sale of Kerry Piper. The exclusive listing was handled by Richard Kozarits, a senior associate and investment specialist at Marcus & Millichap's Chicago Oak Brook office, who represented the private investor selling the property.
Willowbrook 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
23.50%
Cash-on-Cash
-6.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93