Brewster Hague Brokers $1.275M Sale Of Retail Property In Orland Park, IL
15711 S Harlem Ave, Orland Park, IL 60462, USA
$1,275,000
$274/SF
Building Size
4,648 SF
Asset Type
Retail
Closing
Nov 15, 2022
About this deal
AI
A retail property located at 15711 S Harlem Ave in Orland Park, IL has been sold for $1,275,000. The property spans a total of 4,648 square feet, resulting in a price per square foot of $274. It was previously occupied by Baker's Square and is situated on a 38,000 square foot parcel of land.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,275,000
- Square Footage: 4,648
- Price Per Square Foot: $274
- Address: 15711 S Harlem Ave, Orland Park, IL
- Market: Orland Park, IL
The sale was brokered by Brewster Hague from Greenstone Partners.
NOTE: The property, with its spacious 4,650 square feet, offers ample room for retail operations. Its location on a 38,000 square foot lot provides additional potential for expansion or redevelopment.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93