SOLD
Sterling Bay Acquires Land In Chicago For $21M
345 N Aberdeen St, Chicago, IL, USA
$21,000,000
$1,050/SF
Building Size
20,000 SF
Asset Type
—
Closing
Aug 4, 2021
AI
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
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93