Horvath & Tremblay Brokers $1M Retail Sale On South Western Avenue, Chicago
SOLD
$1,000,000
Illinois
See Similar DealsRetail6,522 SF
Sold 11/09/2021
SOLD
Horvath & Tremblay Brokers $1M Retail Sale On South Western Avenue, Chicago
7920 South Western Avenue, Chicago, IL, USA
See Similar DealsRetail6,522 SF
Sold 11/09/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$153
Total Square Footage:6,522 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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