Richland Global Inc Acquires Land In Chicago For $2.9M
438 West Saint James Place, Chicago, IL, USA
$2,900,000
$605/SF
Building Size
4,792 SF
Asset Type
—
Closing
Nov 9, 2021
About this deal
AI
The property asset involved in this closed transaction is a piece of land located at 438 W Saint James Pl in Chicago. The transaction took place on November 9, 2021. The land has a total area of 4,792 square feet. The sale price for this land was $2,900,000, resulting in a price per square foot of $605.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,900,000
- Lot Size: 4,792 square feet
- Price Per Square Foot: $605
- Market: Chicago
The transaction was facilitated by Richland Global, a real estate consultant from Richland Global Inc.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93