ACO Commercial Arranges 6.9% Cap Sale of Multifamily in Hickory Hills
CHICAGO, ILLINOIS – Tuesday, October 27, 2015
ACO Commercial is pleased to announce the sale of The Residences at 8200, a ten-unit Class-A building with eight individual garages located at 8200 W. 87th Street in Hickory Hills, Illinois.
The offering was comprised of a fully constituted ten-unit elevator building, which was originally sold as individual condominiums. ACO Completed the sale following an expired listing campaign by Essex Realty Group.
Linda Hattar, Vice President, and George J. Toscas, Executive Vice President, arranged the sale of the property on behalf of regional investors. The marketing campaign generated 16 tours and multiple offers.
The sale reflected a price per unit of approximately $116,000 and a pro forma capitalization rate of approximately 6.9%.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.