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
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Asset Type
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Closing
Aug 11, 2022
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.
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