Tinley Park IL LLC Acquires Retail Asset In Tinley Park For $8.6M
9501 171st Street, Tinley Park, Illinois 60487, United States
$8,600,000
$28,666/SF
Building Size
300 SF
Asset Type
Retail
Closing
Nov 30, 2022
About this deal
AI
A retail property located at 9501 West 171st Street in Tinley Park has been sold for a total price of $8,600,000. The property spans over 300,000 square feet, resulting in a price per square foot of $29. The transaction took place on 11/30/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,600,000
- Market: Tinley Park
- Seller: Riveroaks Properties LLC - Colleen Kaczmarek, Afzal & Shireen Ahmad
- Buyer: Tinley Park IL LLC
The sellers, Colleen Kaczmarek, Afzal Ahmad, and Shireen Ahmad, represented Riveroaks Properties LLC in this deal.
On the Map
$8,600,000
$28,666/SF
Retail
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Players
Tinley 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93