Karen Kulczycki, CCIM, of SVN Chicago Commercial helped secure the sale of a 63,148-square-foot retail shopping center located at 3300 and 3320 Chicago Road in South Chicago Heights, Illinois.
The 13-unit center sits on 4.5 acres and hosts both national and local retailers along a dense, suburban retail corridor. Kulczycki, CCIM, was able to negotiate a contract to close in 50 days to an out-of-state buyer. The asset sold for $3,500,000 or $55.43 per square foot at a 12% CAP rate.
Prior to completing the sale, Kulczycki, CCIM, successfully leased the shopping center to a 94% occupancy.
