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
About this deal
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.
The commercial sale at 345 N Aberdeen St, Chicago, IL, USA in Chicago, Illinois sold for $21M in 2021. The building is 20,000 square feet, implying about 1.1K per square foot on the published price. Vern Schultz, Peter Bourke, Mike Senner, Sterling Bay appear on the sale alongside Sterling Bay, Colliers. This page is the Chicago, Illinois file for the 345 N Aberdeen St, Chicago, IL, USA 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 345 N Aberdeen St, Chicago, IL, USA around 2021. Published consideration for 345 N Aberdeen St, Chicago, IL, USA is $21M, dated 2021. Cite this Sterling Bay Acquires Land In Chicago For $21M sale when underwriting similar commercial product around Chicago, Illinois.
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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