Core Acquisitions Acquires Retail Property In Skokie, IL For $13.5M
SOLD
$13,500,000
Illinois
See Similar DealsRetail85,000 SF
Sold 10/28/2022
SOLD
Core Acquisitions Acquires Retail Property In Skokie, IL For $13.5M
9410 Skokie Boulevard, Skokie, Illinois 60077, United States
See Similar DealsRetail85,000 SF
Sold 10/28/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$158
Total Square Footage:85,000 SF
Transaction Type:Sale
The retail property located at 9410 Skokie Blvd in Skokie, IL has been sold for $13,500,000. The transaction took place on 10/28/2022. The property sits on a 6.4-acre lot and has a total area of 85,000 square feet. The buyer of the property is Core Acquisitions, represented by Adam Firsel. The seller is Pine Tree. The price per square foot for the sale is $159.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,500,000
- Date: 10/28/2022
- Address: 9410 Skokie Blvd, Skokie, IL
- Market: Skokie, IL
- Acres: 6.4
- Square Footage: 85,000
- Buyer: Core Acquisitions - Adam Firsel
- Seller: Pine Tree
- Price per Square Foot: $159
The transaction was facilitated by Adam Firsel of Core Acquisitions, who represented the buyer in the deal. Pine Tree served as the seller in this transaction. The property's sale price and other details were agreed upon to finalize the sale.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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