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9310 West 159th Street

Mitchell Kiven Facilitates $2.1M Sale Of Orland Park Retail Building
SOLDRetail

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.

Players

Mitchell Kiven

Marcus & Millichap

Broker

$106.5M

vol

27 deals

Broker

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