GW Properties Sells Retail Center In Burbank For $5.7M With Quantum Real Estate Advisors
7901 Harlem Avenue
$5,700,000
$322/SF
Building Size
17,683 SF
Asset Type
Retail
Closing
Nov 27, 2024
About this deal
AI
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.
On the Map
$5,700,000
$322/SF
Retail
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Players
Burbank 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93