Horvath & Tremblay Brokers $1M Retail Sale On South Western Avenue, Chicago
7920 South Western Avenue, Chicago, IL, USA
$1,000,000
$153/SF
Building Size
6,522 SF
Asset Type
Retail
Closing
Nov 9, 2021
AI
The retail property located at 7920 S Western Avenue in Chicago, IL, has been sold for $1,000,000. The transaction was completed on 11/09/2021, under the representation of broker Uriel Escobar from Horvath & Tremblay. The property spans across 6,522 square feet, resulting in a price per square foot of $153.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,000,000
- Date: 11/09/2021
- Address: 7920 S Western Avenue, Chicago, IL
- Market: Chicago, IL
- Broker: Uriel Escobar - Horvath & Tremblay
- Square Footage: 6,522
- Price per Square Foot: $153
The successful sale of this retail property was facilitated by broker Uriel Escobar from Horvath & Tremblay. The transaction showcases their expertise in the Chicago, IL market, demonstrating their ability to negotiate deals and close transactions in the retail sector.
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93