8250 Skokie Blvd

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8250 Skokie Blvd

Skokie, IL 60077-2543
Asking Price
$4.95M
Cap Rate
8.27%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Gerber Collision & Glass | 7 Years Remaining with 10% bump in 2028 | Dense Infill Market <p><strong>STRONG TENANCY W/ LANDLORD OPTIONALITY</strong></p><ul><li>​Gerber has operated at this location since 1978 and recently extended its commitment to remain long-term</li><li>​The Blessed Word Christian Church of Chicago has expressed a desire to commit to the space long-term</li><li>​Future ownership with have the option to sign the church to a long-term lease or pursue a mark-to-market opportunity</li></ul><p><strong>SIGNIFICANT DEVELOPMENT CORRIDOR</strong></p><ul><li>​The Illinois S

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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.40%
Monthly Payment
$24,489.899
Annual Cash Flow
$-213,878.79

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