Adelphia Properties Brokers $3.6M Sale Of Retail Property On S. Harlem Ave, Bridgeview, IL
SOLD
$3,600,000
Illinois
See Similar DealsRetail4,380 SF
Sold 08/02/2020
SOLD
Adelphia Properties Brokers $3.6M Sale Of Retail Property On S. Harlem Ave, Bridgeview, IL
8115 S Harlem Ave, Bridgeview, Illinois, USA
See Similar DealsRetail4,380 SF
Sold 08/02/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$821
Total Square Footage:4,380 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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