Bally's Corporation Acquires 30 Acres Of Land In Chicago For $200M
SOLD
Illinois
See Similar DealsSold 11/21/2022
SOLD
Bally's Corporation Acquires 30 Acres Of Land In Chicago For $200M
560 West Grand Avenue, Chicago, Illinois 60642, United States
See Similar DealsSold 11/21/2022
Summary
ILLINOIS
Transaction Type:Sale
The property involved in this transaction is a land located at 560 W Grand Ave in Chicago. The land spans approximately 30 acres and was sold on 11/21/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $200,000,000
- Buyer: Bally's Corporation - Soo Kim & Bobby Lavan
Soo Kim and Bobby Lavan, representing Bally's Corporation, were the buyers in this transaction. The sale price of the land was $200,000,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$710,557.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$948,102.04
Annual Debt Service$11,377,224.42
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