Marcus & Millichap Sells Retail Property In Willowbrook For $675K
SOLD
$675,000
Illinois
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SOLD
Marcus & Millichap Sells Retail Property In Willowbrook For $675K
7900 Joliet Rd, Willowbrook, IL, 60527
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Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,398.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,199.84
Annual Debt Service$38,398.13
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