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Private Family Trust Sells Property At 8801 Skokie Blvd Skokie For $3.7 Million

Property Image
SOLD
$3,700,000
Paul Waterloo
Colin O’Malley

Illinois

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Property Image
SOLD

Private Family Trust Sells Property At 8801 Skokie Blvd Skokie For $3.7 Million

8801 Skokie BLVD, Skokie, IL, 60077

See Similar Deals
Retail
Paul Waterloo
Colin O’Malley
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Transaction Type:Sale

The property asset involved in the transaction is located at 8801 Skokie Blvd, Skokie, IL, 60077. The sale price was $3,700,000. The asset has a square footage of 0 and is occupied by Firestone Complete Auto Care. It was built in 1950 and features nine bays and 18 drive-in doors, along with a parking lot.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $3,700,000.00
  • Address: 8801 Skokie BLVD, Skokie, IL, 60077
  • Market: Skokie
  • Seller: Private Family Trust
  • Seller's Rep: Colin O’Malley - Interra Realty
  • Buyer: Unknown
  • Buyer's Rep: Paul Waterloo - Interra Realty
  • Lease: 7 years remaining

The deal involved representation from Interra Realty, with Colin O’Malley representing the seller and Paul Waterloo representing the buyer. The private family trust has owned the asset for over 50 years, highlighting a long-term ownership history. This property transaction took place approximately 15 miles north of Chicago.

Players

Paul Waterloo
Interra Realty
Paul Waterloo
52 deals$328M volume
BROKER
Colin O’Malley
Interra Realty
Colin O’Malley
8 deals$73.7M volume(312) 361-3138
BROKER
PT
Private Family Trust
SELLER

Details

SOLD
IMAGE: 8801 Skokie BLVD, Skokie, IL, 60077 MARKET: Skokie SELLER'S REP: Colin O’Malley-Interra Realty BUYER: Unknown SELLER: Private Family Trust PRICE: $3,700,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$197,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65