Woodridge Retail Property Sold For $5.3M - Marcus & Millichap Reps Acquire 13.1k SF Building On Woodward Ave
SOLD
$5,300,000
Illinois
See Similar DealsRetail13,100 SF
Sold 04/02/2021
SOLD
Woodridge Retail Property Sold For $5.3M - Marcus & Millichap Reps Acquire 13.1k SF Building On Woodward Ave
8645 Woodward Avenue, Woodridge, IL, USA
See Similar DealsRetail13,100 SF
Sold 04/02/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$404
Total Square Footage:13,100 SF
Transaction Type:Sale
Located at 8645 Woodward Ave. in Woodridge, Chicago, this retail property was recently sold on April 2, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Square Footage: 13,100
- Price per Square Foot: $405
- Market: Woodridge, Chicago
The property was sold for a total amount of $5,300,000, with a price per square foot of $405. The retail space spans 13,100 square feet and is located at 8645 Woodward Ave. in Woodridge, Chicago. This transaction took place on April 2, 2021.
The sale of this retail property was facilitated by the brokers Matt Emerick, Austin Weisenbeck, and Sean Sharko from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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