Inland Real Estate Group Acquires Medical Office In Chicago For $16M
SOLD
$16,000,000
Illinois
See Similar DealsSold 09/11/2022
SOLD
Inland Real Estate Group Acquires Medical Office In Chicago For $16M
3950 North Milwaukee Avenue, Chicago, Illinois 60641, United States
See Similar DealsSold 09/11/2022
Summary
ILLINOIS
Transaction Type:Sale
The medical office located at 3950 North Milwaukee Avenue in Chicago has been sold in a recent transaction. The property, which was part of the market in Chicago, was purchased by Inland Real Estate Group from the seller, GW Properties - Mitch Goltz. The sale price for this transaction amounted to $16,000,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $16,000,000
- Address: 3950 North Milwaukee Avenue, Chicago
Mitch Goltz represented GW Properties as their broker in this deal. No further details about the transaction are available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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