Adelphia Properties Brokers $3.6M Sale Of Retail Property On S. Harlem Ave, Bridgeview, IL
8115 S Harlem Ave, Bridgeview, Illinois, USA
$3,600,000
$821/SF
Building Size
4,380 SF
Asset Type
Retail
Closing
Aug 2, 2020
About this deal
AI
Located in Bridgeview, Il, a retail property at 8115 S. Harlem Ave was recently sold for an impressive sale price of $3,600,000. The transaction took place on 08/02/2021 and involved a total area of 4,380 square feet. The property's market value was determined at a price per square foot of $822, highlighting its potential for profitability in the market.
Summary of Transaction Details:
- Property Type: Retail
- Sale Price: $3,600,000
- Square Footage: 4,380
- Price per Square Foot: $822
- Date of Sale: 08/02/2021
- Location: 8115 S. Harlem Ave, Bridgeview, Il
Managing the deal were Simeon & George Spirrison from Adelphia Properties, acting as the brokers representing the parties involved. Their expertise and dedication helped facilitate the successful completion of the transaction.
Players
Bridgeview 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93