Sterling Bay Acquires Land In Chicago For $21M
SOLD
$21,000,000
Illinois
See Similar Deals20,000 SF
Sold 08/05/2021
SOLD
Sterling Bay Acquires Land In Chicago For $21M
345 N Aberdeen St, Chicago, IL, USA
See Similar Deals20,000 SF
Sold 08/05/2021
Summary
ILLINOIS
Price Per Square Foot:$1,050
Total Square Footage:20,000 SF
Transaction Type:Sale
The property involved in this transaction is located at 345 N. Aberdeen St. in Chicago. The asset type is land. The sale took place on 08/05/2021.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $21,000,000
- BSF: 20,000
- PPBSF: $1,050
- Buyer: Sterling Bay
- Seller: Cougle Commission Co.
The brokers involved in this deal were Mike Senner, Vern Schultz, and Peter Bourke from Colliers International.
Note: No additional information about the property or the transaction is available.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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