Tracy Prentiss Acquires Retail Property In Avalon Park, Chicago For $550,000
8550 South Stony Island Avenue, Chicago, Illinois 60617, United States
$550,000
$110/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 9, 2022
AI
A retail property located at 8550 S Stony Island Ave in Avalon Park, Chicago has been sold. The property spans 5,000 square feet and was sold for a price of $550,000, resulting in a price per square foot of $110. The transaction took place on 06/10/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $550,000
- Address: 8550 S Stony Island Ave, Avalon Park, Chicago
- Market: Avalon Park, Chicago
The buyer in this transaction is Tracy Prentiss, while the seller is Mohamed Nasser. Moses Hall, from MoHall Commercial & Urban Development, represented both parties in the deal as the broker.
Players
Chicago 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
28.84%
Cash-on-Cash
-8.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93