Westport Properties U.S. Storage Centers Acquires Self Storage Asset In Chicago & Wilmette For $32M
1516 North Orleans Street, Chicago, Illinois 60610, United States
$32,000,000
Building Size
—
Asset Type
—
Closing
Sep 22, 2022
About this deal
AI
The self storage property located at 1516 North Orleans Street in Chicago and 3510 Wilmette Avenue in Wilmette has been sold for $32,000,000. The sale was completed on 09/23/2022.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $32,000,000
Westport Properties U.S. Storage Centers purchased the property from Alex & Nik Turik, represented by HAN Capital. The transaction involved the sale of the self storage asset, located in both the Chicago and Wilmette markets.
The commercial sale at 1516 North Orleans Street, Chicago, Illinois 60610, United States in Chicago, Illinois sold for $32M in 2022. This page is the Chicago, Illinois file for the 1516 North Orleans Street, Chicago, Illinois 60610, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 1516 North Orleans Street, Chicago, Illinois 60610, United States around 2022. Published consideration for 1516 North Orleans Street, Chicago, Illinois 60610, United States is $32M, dated 2022. Cite this Westport Properties U.S. Storage Centers Acquires Self Storage Asset In Chicago & Wilmette For $32M sale when underwriting similar commercial product around Chicago, Illinois.
On the Map
$32,000,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93