Ascot Realty Group Inc Acquires Land In Chicago For $5.5M
1643 West Warren Boulevard, Chicago, Illinois 60612, United States
$5,500,000
Building Size
—
Asset Type
—
Closing
Aug 11, 2022
About this deal
AI
The recently closed property transaction in Chicago involved the sale of a land asset located at 1643-1653 W Warren Blvd. The property spans approximately 0.51 acres, providing ample space for potential development.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $5,500,000
- Address: 1643-1653 W Warren Blvd
- Market: Chicago
- Asset Type: Land
- ACRES: 0.51
James Ascot from Ascot Realty Group Inc represented the buyer in this transaction, while Steven Powers from Century 21 S.G.R., Inc served as the seller's representative.
On the Map
$5,500,000
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Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93