Mitchell Kiven Facilitates $2.1M Sale Of Orland Park Retail Building
9310 West 159th Street
$2,100,000
$150/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Mar 26, 2024
AI
A 14,000-square-foot retail building in Orland Park has been sold for $2.1 million. The property, located at 9310 W. 159th St., is anchored by AutoZone and is adjacent to a Jewel-Osco grocery store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,100,000
- Square Footage: 14,000
- Price Per Square Foot: $150
- Address: 9310 West 159th Street
- Market: Orland Park
Mitchell Kiven of Marcus & Millichap played a dual role in the transaction as he represented both the seller, a private investor, and the buyer, a local investor from suburban Cook County.
Orland Park 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93