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GW Properties Sells Retail Center In Burbank For $5.7M With Quantum Real Estate Advisors

Property Image
SOLD
$5,700,000
Zack Hilgendorf
Daniel Waszak

Illinois

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Retail17,683 SF
Sold 11/27/2024
the dealplayerscompscontact
Property Image
SOLD

GW Properties Sells Retail Center In Burbank For $5.7M With Quantum Real Estate Advisors

7901 Harlem Avenue

See Similar Deals
Retail17,683 SF
Sold 11/27/2024
Zack Hilgendorf
Daniel Waszak
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$322
Total Square Footage:17,683 SF
Transaction Type:Sale

A 17,683-sf fully leased retail center located at 7901-7945 South Harlem Avenue in Burbank, IL, was sold for $5,700,000. The property features tenants such as Pizza Hut and OSF Healthcare and is positioned within the Burbank market, with a price per square foot of $322.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,700,000
  • Address: 7901-7945 South Harlem Avenue
  • Market: Burbank
  • Square Footage: 17,683
  • Price per Square Foot: $322
  • Seller: Mitch Goltz & Shai Wolkowicki - GW Properties
  • Broker Representatives: Daniel Waszak & Zackary Hilgendorf - Quantum Real Estate Advisors
  • Buyer: Private investor from Kansas

Quantum Real Estate Advisors brokered the transaction, facilitating the sale between GW Properties and the private investor, highlighting the involvement of both Daniel Waszak and Zackary Hilgendorf in the deal.

Players

Daniel Waszak
Quantum Real Estate Advisors
Daniel Waszak
15 deals$74.4M volume
BROKER
Zack Hilgendorf
Atlantic Retail
Zack Hilgendorf
10 deals$37.3M volume(847) 722-0865
BROKER

Details

SOLD
IMAGE: Mitch Goltz, Shai Wolkowicki, Zackary Hilgendorf & Daniel Waszak DATE: 11/27/2024 ADDRESS: 7901-7945 South Harlem Avenue MARKET: Burbank ASSET TYPE: Retail SELLER: Mitch Goltz & Shai Wolkowicki - GW Properties BROKERS: Daniel Waszak (@DWaz_qrea) & Zackary Hilgendorf - Quantum Real Estate Advisors (@QREAdvisors_Inc) SALE PRICE: $5,700,000 SF: 17,683 ~ PPSF: $322 NOTE: Quantum Real Estate Advisors brokered the $5.7M sale of a 17,683-sf fully leased retail center in Burbank, IL. The property, occupied by tenants like Pizza Hut and OSF Healthcare, was sold by GW Properties to a private investor from Kansas.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90