Bally's Corporation Acquires 30 Acres Of Land In Chicago For $200M
560 West Grand Avenue, Chicago, Illinois 60642, United States
$200,000,000
Building Size
—
Asset Type
—
Closing
Nov 21, 2022
About this deal
AI
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.
The commercial sale at 560 West Grand Avenue, Chicago, Illinois 60642, United States in Chicago, Illinois sold for $200M in 2022. Named participants on the 560 West Grand Avenue, Chicago, Illinois 60642, United States sale are Bobby Lavan, Soo Kim. This page is the Chicago, Illinois file for the 560 West Grand Avenue, Chicago, Illinois 60642, United States 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 560 West Grand Avenue, Chicago, Illinois 60642, United States around 2022. Published consideration for 560 West Grand Avenue, Chicago, Illinois 60642, United States is $200M, dated 2022. Cite this Bally's Corporation Acquires 30 Acres Of Land In Chicago For $200M sale when underwriting similar commercial product around Chicago, Illinois.
On the Map
$200,000,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93